Distinguish between a fund's cumulative total return and its average annual total return over a given time period, say, five years.
Answer to relevant QuestionsMetro Fund had a cumulative total return of 150 percent over the past four years. If you invested $1,000 in the fund four years ago, how much is your investment worth today? Is holding a single fund in a 401(k) plan a good strategy, particularly if that fund was a super performer last year? What is the difference between unscheduled property and scheduled property? How is scheduled property insured? Explain the difference between all risks insurance and named perils insurance. List three perils not ordinarily covered under the basic homeowner's policy. What is the difference between hospital indemnity insurance and hospital expense insurance? Which is the preferred coverage? Explain why.
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