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Go to Morningstar.com and look up the mutual Fund Fidelity ContraFund (FCNTX) and American Funds Growth Fund of America (AGTHX). Determine what the rate of
- Go to Morningstar.com and look up the mutual Fund Fidelity ContraFund (FCNTX) and American Funds Growth Fund of America (AGTHX). Determine what the rate of return was for the years 2016, 2017, 2018, 2019, and 2020 for both funds. Determine the average rate of return for those past 5 years for both funds. Then determine the 5-year variance and standard deviation for both mutual funds (You can use excel or write formula. Based on your findings, explain which mutual fund you would invest in and why (15 Points).
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