Question: Calculating and evaluating mutual fund returns Here is the per-share performance record of the Stars Growth-and-Income fund for 2019 and 2020: 9.50 2020 2019 1.
Calculating and evaluating mutual fund returns Here is the per-share performance record of the Stars Growth-and-Income fund for 2019 and 2020: 9.50 2020 2019 1. Net asset value, beginning of period: 554.65 $50.00 2. Income from investment operations: 3. Net investment income 5 1.04 $0.70 4. Net gains on securities (realized and unrealized) 10.38 5. Total income from investment operations $11.42 $10.20 6. Less distributions! 7. Dividends from net investment income ($0.47) (502) 8. Distributions from realized gains (5.71) (5.23) 9. Total distributions (6.18) (5.55) 10. Net asset value, end of periodi $59.89 354.65 Use this information to find the rate of return earned on this fund in 2019 and in 2020. Assume that the mutual fund distributed the dividends and capital gains at the end of the year. Do not round intermediate calculations, Round the answers to two decimal places. 2019 2020
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