Question: no excel please, show step by step. i will Upvote! LG6 P123 The All-State Mutual Fund has the following five-year record of performance: 2016 2015
LG6 P123 The All-State Mutual Fund has the following five-year record of performance: 2016 2015 2014 2013 Net investment income $ 0.98 $ 0.85 $ 0.84 $ 0.75 Dividends from net investment income (0.95) (0.85) (0.85) (0.75) Net realized and unrealized gains (or 4.22 5.08 (2.18) 2.65 losses) on security transactions Distributions from realized gains (1.06) (1.00) Net increase (decrease) in NAV $ 3.19 $ 4.08 ($ 2.19) $ 1.65 NAV at beginning of year $12.53 $ 8.45 $ 10.64 $ 8.99 NAV at end of year $15.72 $12.53 $ 8.45 $10.64 2012 $ 0.64 (0.60) (1.05) (1.00) ($ 1.01) $ 10.00 $ 8.99 Find this no-load fund's five-year (2012-2016) average annual compound rate of return. Also find its three-year (2014-2016) average annual compound rate of return. If an investor bought the fund in 2012 at $10.00 a share and sold it five years later in 2016) at $15.72, how much total profit per share would she have made over the five-year holding period
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