Question: Over the past three years, the Pluto Fund produced the following per-share financial results. Calculate the annual returns on an investment in the Pluto Fund

Over the past three years, the Pluto Fund produced the following per-share financial results. Calculate the annual returns on an investment in the Pluto Fund from 1989 to 1991.

1989 1990 1991

NAV-Beginning of year $13.89 $14.40 $15.95

NAV-End of year $14.40 $15.95 $15.20

Income Distribution $0.29 $0.33 $0.36

Capital Gains DIstribution $0.12 $0.25 $0.05

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