Here is the per-share performance record of the West Coast Growth-and-Income fund for 2010 and 2009:

Use this information to find the rate of return earned on this fund in 2009 and in 2010. What is your assessment of the investment performance of this fund for the 2009–2010 period?  

Transcribed Image Text:

1. Net asset value, beginning of period: 2010 2009 $58.60 $52.92 2. Income from investment operations: 3. Net investment income $ 1.39 $ 1.35 4. Net gains on securities (realized and unrealized) 8.10 9.39 5. Total from investment operations $ 9.49 $10.74 6. Less distributions: 7. Dividends from net investment income ($ .83) ($ 1.24) 8. Distributions from realized gains (2.42) (3.82) 9. Total distributions 10. Net asset value, end of period: (3.25) (5.06) $64.84 $58.60