Here is the per-share performance record of the abacus, Financial Management

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Here is the per-share performance record of the abacus

Here is the per-share performance record of the Abacus Growth-and-Income fund for 2017 and 2016: 2017 2016

1. Net asset value, beginning of period: $75.73 $70.00

2. Income from investment operations: 3

3. Net investment income $ 1.51 $ 1.26

4. Net gains on securities (realized and unrealized) 9.84 11.20

5. Total income from investment operations $11.35 $12.46

6. Less distributions:

7. Dividends from net investment income ($0.68) ($0.57)

8. Distributions from realized gains (5.41) (6.16)

9. Total distributions (6.09) (6.73)

10. Net asset value, end of period: $80.99 $75.73 Use this information to find the rate of return earned on this fund in 2016 and in 2017. Round the answers to two decimal places. Do not round intermediate calculations.

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Financial Management: Here is the per-share performance record of the abacus

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