Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The All-State Mutual Fund has the following 5-year record of performance: . Find this no-load fund's 5-year (20152019) average annual compound rate of return. Also
The All-State Mutual Fund has the following 5-year record of performance: . Find this no-load fund's 5-year (20152019) average annual compound rate of return. Also find its 3-year (20172019) average annual compound rate of return. If an investor bought the fund in 2015 at $10.19 a share and sold it 5 years later (in 2019) at $15.98, how much total profit per share would she have made over the 5-year holding period? This no-load fund's 5-year (2015-2019) average annual compound rate of return is a %. (Round to two decimal places.) i X Data Table (Click on the ere in order to copy the contents of the data table below into a spreadsheet.) 2019 $0.99 (0.95) 4.21 2018 $0.91 (0.82) 5.15 2017 $0.89 (0.89) (2.19) 2016 $0.72 (0.70) 2.66 2015 $0.64 (0.66) (1.01) Net investment income Dividends from net investment income Net realized and unrealized gains (or losses) on security transactions Distributions from realized gains Net increase (decrease) in NAV NAV at beginning of year NAV at end of year (1.06) $3.19 12.79 $15.98 (1.02) $4.22 8.57 $12.79 0.00 ($2.19) 10.76 $8.57 (1.08) $1.60 9.16 $10.76 0.00 ($1.03) 10.19 $9.16 Print Done
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started