You€™ve uncovered the following per-share information about a certain mutual fund:

On the basis of this information, find the fund€™s holding period return for 2012, 2013, and 2014.
(In all 3 cases, assume you buy the fund at the beginning of the year and sell it at the end of each year.) In addition, find the fund€™s average annual compound rate of return over the 3-year period 2012€“2014. What would the 2013 holding period return have been if the investor had initially bought 500 shares of stock and reinvested both dividends and capital gains distributions into additional shares of the fund at an average price of $52.50 per share?

2012 2013 2014 Ending share prices Offer NAV Dividend income Capital gains distribution Beginning share prices Offer NAV $46.20 43.20 2.10 1.83 $64.68 60.47 2.84 6.26 $61.78 57.75 2.61 4.32 55.00 46.20 64.68 51.42 43.20 60.47