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 returns for 2017, 2018, and 2019. (In all three cases, assume you buy the fund at the beginning of the year and sell it at the end of each year and none of the dividends and capital gains distributions are reinvested into t fund.) In addition, find the fund's average annual compound rate of return over the three-year period, 2017-2019. What would the 2018 holding period return have been if the investor had initially bought 500 shares of the fund and reinvested both dividends and capital gains distributions into additional shares of the fund at an average price of $51.00 per share? The fund's HPR for 2017 is -14.21 %. (Round to two decimal places.) The fund's HPR for 2018 is 48.39 %. (Round to two decimal places.) The fund's HPR for 2019 is -2.85 %. (Round to two decimal places.)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Nn. 119.

(Click on the icon here in order to copy the contents of the data table below into
a spreadsheet.)
Ending share prices:
Offer
NAV
Dividend income
Capital gains distribution
Beginning share prices:
Offer
NAV
2017
$44.31
42.54
1.83
2.49
53.78
51.63
2018
$62.91
60.39
2.84
6.77
44.31
42.54
2019
$58.36
56.03
2.76
4.84
62.91
60.39
Transcribed Image Text:(Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Ending share prices: Offer NAV Dividend income Capital gains distribution Beginning share prices: Offer NAV 2017 $44.31 42.54 1.83 2.49 53.78 51.63 2018 $62.91 60.39 2.84 6.77 44.31 42.54 2019 $58.36 56.03 2.76 4.84 62.91 60.39
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 returns for 2017, 2018, and 2019. (In all three cases, assume
you buy the fund at the beginning of the year and sell it at the end of each year and none of the dividends and capital gains distributions are reinvested into the fund.) In addition, find the fund's average annual
compound rate of return over the three-year period, 2017-2019. What would the 2018 holding period return have been if the investor had initially bought 500 shares of the fund and reinvested both dividends and
capital gains distributions into additional shares of the fund at an average price of $51.00 per share?
The fund's HPR for 2017 is 14.21%. (Round to two decimal places.)
The fund's HPR for 2018 is 48.39 %. (Round to two decimal places.)
The fund's HPR for 2019 is -2.85 %. (Round to two decimal places.)
The fund's average annual compound rate of return over the three-year period, 2017-2019 is 10.45%. (Round to two decimal places.)
If the investor had initially bought 500 shares of the fund and reinvested both dividends and capital gains distributions into additional shares of the fund at an average price of $51.00 per share, the holding period
return is%. (Round to two decimal places.)
Transcribed Image Text: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 returns for 2017, 2018, and 2019. (In all three cases, assume you buy the fund at the beginning of the year and sell it at the end of each year and none of the dividends and capital gains distributions are reinvested into the fund.) In addition, find the fund's average annual compound rate of return over the three-year period, 2017-2019. What would the 2018 holding period return have been if the investor had initially bought 500 shares of the fund and reinvested both dividends and capital gains distributions into additional shares of the fund at an average price of $51.00 per share? The fund's HPR for 2017 is 14.21%. (Round to two decimal places.) The fund's HPR for 2018 is 48.39 %. (Round to two decimal places.) The fund's HPR for 2019 is -2.85 %. (Round to two decimal places.) The fund's average annual compound rate of return over the three-year period, 2017-2019 is 10.45%. (Round to two decimal places.) If the investor had initially bought 500 shares of the fund and reinvested both dividends and capital gains distributions into additional shares of the fund at an average price of $51.00 per share, the holding period return is%. (Round to two decimal places.)
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