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no excel please and show the steps, i will upvote ! P12.4 You've uncovered the following per-share information about a certain mutual fund: 2014 2015

no excel please and show the steps, i will upvote ! image text in transcribed
P12.4 You've uncovered the following per-share information about a certain mutual fund: 2014 2015 2016 Ending share prices: Offer NAV Dividend income Capital gains distribution Beginning share prices: Offer NAV $46.20 43.20 2.10 1.83 $64.68 60.47 2.84 6.26 $61.78 57.75 2.61 4.32 55.00 51.42 46.20 43.20 64.68 60.47 On the basis of this information, find the fund's holding period return for 2014, 2015, and 2016. (In all three cases, assume you buy the fund at the beginning of the year and sell it at the end of each year.) In addition, find the fund's average annual compound rate of return over the three-year period 2014-2016. What would the 2015 holding period return have been if the investor had initially bought 500 shares of stock and reinvested both dividends and capital gains distributions into additional shares of the fund at an average price of $52.50 per share

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