Question

World investments markets were highly volatile in 1998. Table 10.7.4 shows one-year rates of return on closed-end mutual funds that specialize in income from international sources.
a. Do the rates of return of these closed-end world income funds, as a group, differ significantly on average from the 2.59% overall performance representing all world mutual funds over the same time period? If so, were these closed-end funds significantly better or significantly worse? In your calculations, you may assume that the overall performance is measured without randomness.
b. Do the rates of return of these closed-end world income funds, as a group, differ significantly on average from the –26.83% overall performance representing all emerging markets’ mutual funds over the same time period? If so, were these closed-end funds significantly better or significantly worse? In your calculations, you may assume that the overall performance is measured without randomness.


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  • CreatedNovember 11, 2015
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