Annual Return on Investment = (Dividend distribution + Capital gains distribution + Change in net asset value) / Beginning Net Asset Value
Where Change in net asset value = Ending Net Asset Value - Beginning Net Asset Value
Dividend distribution = $0.60
Capital gains distribution = $1.60
Beginning Net Asset Value = $22.25
Ending Net Asset Value = $24.45
Change in net asset value = $24.45 - $22.25
= $2.20
Therefore Annual Return on Investment = ($0.60 + $1.60 + $2.20) / $22.25
= 4.40 / 22.25
= 0.1978 or
19.78 % (Rounded two decimal places)
Answer to the 2nd part
Dividend distribution = $0.60
Capital gains distribution = $1.60
Beginning Net Asset Value = $22.25
Ending Net Asset Value = $21.18
Change in net asset value = $21.18 - $22.25
= - $1.07
Therefore Annual Return on Investment = ($0.60 + $1.60 + (- $1.07) / $22.25
= 1.13 / 22.25
= 0.0508 or
5.08 % (Rounded two decimal places)
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