Chapter 13.5, Problem 53E

(a)

To determine

To calculate: The beginning value of the investment if the net asset value at the beginning of the year is $11.94, the number of shares purchased is 350 and the monthly percentage return is 1.83%.

(b)

To determine

To calculate: The first monthly return if the net asset value at the beginning of the year is $11.94, the number of shares purchased is 350 and the monthly percentage return is 1.83%.

(c)

To determine

To calculate: The effective annual yield if the net asset value at the beginning of the year is $11.94, the number of shares purchased is 350 and the monthly percentage return is 1.83%.