Question: Chapter 13 Financial Planning Exercise 11 Calculating and evaluating mutual fund returns Here is the pershare performance record of the Stars Growth-and-Income fund for 2019

 Chapter 13 Financial Planning Exercise 11 Calculating and evaluating mutual fund

Chapter 13 Financial Planning Exercise 11 Calculating and evaluating mutual fund returns Here is the pershare performance record of the Stars Growth-and-Income fund for 2019 and 2020: 2020 2019 1. Net asset value, beginning of periodi $75.73 $70.00 2. Income from investment operations: 3. Net investment income $1.51 $ 1.26 4. Net gains on securities (realized and uncered) 9.84 11.20 5. Total income from investment operations $11.35 $12.46 6. Less distributions 7. Dividends from net investment income ($0.58) (50.57) 8. Distributions from realted gains (5.41) (6.16) 9. Total distributions (5.09) (6.73) 10. Net asset value, end of period 380.99 $75.73 Use this information to find the rate of return earned on this fund in 2019 and in 2020. Assume that the mutual and 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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