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You've uncovered the following per-share information about a certain mutual fund: 2012 2013 2014 Ending share prices: Offer: $46.59 $61.81 $61.04 NAV 43.33 60.27 56.77

You've uncovered the following per-share information about a certain mutual fund:

2012 2013 2014
Ending share prices:
Offer: $46.59 $61.81 $61.04
NAV 43.33 60.27 56.77
Dividend Income 1.81 3.03 2.16
Capital Gains Dustruibution 2.47 6.74 4.94
Begining Share Prices:
Offer 55.69 46.59 64.81
NAV 51.79 43.33 60.27

On the basis of this information, find the fund's holding period returns for 2012, 2013, and 2014. (In all three cases, assume you buy the fund at the beginning of the year and sell it at the end of each year and none of the dividends and capital gains distributions are reinvested into the fund.) In addition, find the fund's average annual compound rate of return over the three-year period, 2012-2014. What would the 2013 holding period return have been if the investor had initially bought 500 shares of the fund and reinvested both dividends and capital gains distributions into additional shares of the fund at an average price of $53.00 per share?

The Funds HPR for 2012 is? ___% The funds HPR for 2013 is ___%? The funds HPR for 2014 is ____%?

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