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

	2014	2015	2016
Ending share prices:
Offer	46.2	64.68	61.78
NAV	43.2	60.47	57.75
Dividend income	2.1	2.84	2.61
Capital gains distribution	1.83	6.26	4.32
Beginning share prices:
Offer	55	46.2	64.68
NAV	51.42	43.2	60.47

On the basis of this information, find the fund's holding period returns for

2014,2015 ,and 2016.

(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, 20142016.What would 2015 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 $52.50 per share?

The fund's HPR for 2014 is _____%.(Round to two decimal places.)

The fund's HPR for 2015 is_____ %.(Round to two decimal places.)

The fund's HPR for 2016 is ______ %.(Round to two decimal places.)

The fund's average annual compound rate of return over the three-year period,

2014-2016 is ____%.(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 $52.50 per share, the holding period return is _____%.(Round to two decimal places.)

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