Problem $17-06$ end of the year its NAV was $$18\mathrm{.}60.$ What was the fund's return, and what was an investor's return? Round your answers to two decimal places.

The fund's return:

$\%$

Return on the individual's investment:

$\%$

Why are they different?

The answers are different because the fund reports its return based on the and the investrors calculate their return based on the