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Calculate the Annual Returns on Each of the Following Managed  Unit price at start of year $3.40 Unit price at end of year $4.10\begin{array}{cc}\text { Unit price at start of year } & \$ 3.40 \\\text { Unit price at end of year } & \$ 4.10\end{array}

Question 24

Essay

Calculate the annual returns on each of the following managed funds (using only the information provided):
(a)
Amoeba Special Situations Fund:
 Unit price at start of year $3.40 Unit price at end of year $4.10\begin{array}{cc}\text { Unit price at start of year } & \$ 3.40 \\\text { Unit price at end of year } & \$ 4.10\end{array}
(b)
Broadchurch Trading Fund:
 Market value at start of year $112 million  Market value at end of year $144 million  Distributions $5 million  Contributions received during year $21 million \begin{array}{ll}\quad \text { Market value at start of year } & \$ 112 \text { million } \\\text { Market value at end of year } & \$ 144 \text { million } \\\text { Distributions } & \$ 5 \text { million } \\\text { Contributions received during year } &\$ 21 \text { million }\end{array}

Correct Answer:

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(a)
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