Here is the per-share performance record of the Mile High Growth-and-Income fund for 2015 and 2014: Use
Question:
Here is the per-share performance record of the Mile High Growth-and-Income fund for 2015 and 2014:
Use this information to find the rate of return earned on this fund in 2014 and in 2015. What is your assessment of the investment performance of this fund for the 2014–2015periods?
Transcribed Image Text:
2014 $52.92 2015 1. Net asset value, beginning of period 2. Income from investment operations: 3. Net investment income 4. Net gains on securities (realized and unrealized8.10 5. Total from investment operations 6. Less distributions: 7. Dividends from net investment income 8. Distributions from realized gains 9. Total distributions $58.60 1.39 1.35 9.39 $10.74 $ 9.49 $ 83) (2.42 (3.25 $64.84 1.24) 13.82) 5.06) 10. Net asset value, end of period:
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Using the approximate yield formula we can find the funds rate of return for each year as follows 20...View the full answer
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Related Book For
Personal Financial Planning
ISBN: 978-1111971632
13th edition
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
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