Question
The All-State Mutual Fund has the following 5-year record of performance: 2016 2015 2014 2013 2012 Net investment income 0.96 0.93 0.83 0.74 0.62 Dividends
The All-State Mutual Fund has the following 5-year record of performance:
2016 2015 2014 2013 2012 Net investment income 0.96 0.93 0.83 0.74 0.62 Dividends from net investment income (0.97) (0.88) (0.83) (0.75) (0.68) Net realized and unrealized gains (or losses) on security transactions 4.23 5.08 (2.15) 2.67 (1.08) Distributions from realized gains (1.08) (1.01) 0.00 (1.05) 0.00 Net increase (decrease) in NAV 3.14 4.12 (2.15) 1.61 (1.14) NAV at beginning of year 12.45 8.33 10.48 8.87 10.01 NAV at end of year 15.59 12.45 8.33 10.48 8.87
. Find this no-load fund's 5-year (2012-2016) average annual compound rate of return. Also find its 3-year (2014-2016) average annual compound rate of return. If an investor bought the fund in 2012 at $10.01 a share and sold it 5 years later (in 2016) at $15.59, how much total profit per share would she have made over the 5-year holding period?
This no-load fund's 5-year (2012-2016) average annual compound rate of return is _%.
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