You have funds invested in a mutual fund of S&P 500 stocks. Over the last 5 years, the annual percent returns of the S&P 500 are 20.06%, -6.78%, 29.42%, 16.80%, and 15.03%. What is the average annual percent return on the S&P 500 stocks over the last 5 years? Note: Round your answer to 2 decimal places. The average annual percent return %
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06 + (-6.78) + 29.42 + 16.80 + 15.03 = 74.53. Show more…
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Table 2.13 shows a data set containing information for 45 mutual funds that are part of the Morningstar Funds 500 for 2008 . The data set includes the following five variables: Fund Type: The type of fund, labeled DE (Domestic Equity), IE (International Equity), and FI (Fixed Income) Net Asset Value (S): The closing price per share 5- Year Average Return $(\%)$ : The average annual retum for the fund over the past 5 vears Expense Ratio $(\%) :$ The percentage of assets deducted each fiscal year for fund expenses Morningstar Rank The risk adjusted star rating for each fund; Morningstar ranks go from a low of 1 -Star to a high of 5 - Stars a. Prepare a crosstabulation of the data on Fund Type (rows) and the average annual return over the past 5 years (columns). Use classes of $$0-9.99,10-19.99,20-29.99$$. $$30-39.99,40-49.99,$$ and $$50-59.99$$ for the 5 -Year Average Return ( $$\%$$ ). b. Prepare a frequency distribution for the data on Fund Type. c. Prepare a frequency distribution for the data on 5 -Year Average Return ( $$(\%)$$ . d. How has the crosstabulation helped in preparing the frequency distributions in parts (b) and (c)? e. What conclusions can you draw about the fund type and the average retum over the past 5 years?
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