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 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, 2014-2016. What would the 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 $52.00 per share?
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