Davin and his wife, are planning for retirement and want to compare the past performance of a
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Davin and his wife, are planning for retirement and want to compare the past performance of a few mutual funds they are considering for investment. They believe that a comparison over a five-year period would be appropriate. They are given the following information about the Superior Fund that they are considering
year Asset under management beginning of year NAV%
1 | 20 million | 10 | |
2 | 35 million | 5 | |
3 | 10 million | -4 | |
4 | 15 million | 9 | |
5 | 25 millin | 12 |
calculate the holding period return for the five year period and the
Compute the arithmetic mean annual return. Compute the geometric mean annual return.
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
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