just d and e please or anyone of them thank you Over the last nine years, you have earned the following returns on theNZXYear Return(ending in March)2013-201417.45%2014-2015 15.17%2015-2016 17.26%2016-2017 7.94%2017-2018 16.92%2018-2019 19.54%2019-2020 0.36%2020-2021 28.93%2021-2022 -5.17%You have also collected the level of the CPI over the same period:Date LevelMarch 2013March 2014March 2015March 2016March 2017958972975979100010111026March 20201052March 20211068March 2022 1142March 2018March 2019(a) For each tax year, calculate the inflation rate.(b) Now calculate a real rate of return for the NZX50 (use the full for-mula, not the approximation) for each year.(c) What is the mean nominal return for the NZX50? What is the meanreal return?(d) What is the nominal volatility for the NZX50? What is the realvolatility of the NZX50?(e) Suppose New Zealand had a 33% tax levied on capital gains and alldividends. Repeat your analysis, calculating after-tar mean real andnominal returns, along with real and nominal after-tax volatilities.

given, The nominal rates from the year 2013 to 2022 The CPI for the years 2013 to 2022

Answered: Over the last nine years, you have…

Over the last nine years, you have earned the following returns on the NZX Year Return (ending in March) 2013-2014 17.45% 2014-2015 15.17% 2015-2016 17.26% 2016-2017 7.94% 2017-2018 16.92%

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Balance of Payments

BOP is categorized into the following three components:

Question

just d and e please or anyone of them thank you

Over the last nine years, you have earned the following returns on the
NZX
Year Return
(ending in March)
2013-2014
17.45%
2014-2015 15.17%
2015-2016 17.26%
2016-2017 7.94%
2017-2018 16.92%
2018-2019 19.54%
2019-2020 0.36%
2020-2021 28.93%
2021-2022 -5.17%
You have also collected the level of the CPI over the same period:
Date Level
March 2013
March 2014
March 2015
March 2016
March 2017
958
972
975
979
1000
1011
1026
March 2020
1052
March 2021
1068
March 2022 1142
March 2018
March 2019
(a) For each tax year, calculate the inflation rate.
(b) Now calculate a real rate of return for the NZX50 (use the full for-
mula, not the approximation) for each year.
(c) What is the mean nominal return for the NZX50? What is the mean
real return?
(d) What is the nominal volatility for the NZX50? What is the real
volatility of the NZX50?
(e) Suppose New Zealand had a 33% tax levied on capital gains and all
dividends. Repeat your analysis, calculating after-tar mean real and
nominal returns, along with real and nominal after-tax volatilities.

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2. Over the last nine years, you have earned the following returns on the NZX Year (ending in March) 2013-2014 17.45% 2014-2015 15.17% 2015-2016 17.26% 2016-2017 7.94% 2017-2018 16.92% 2018-2019 19.54% 0.36% 2019-2020 2020-2021 28.93% 2021-2022 -5.17% Return You have also collected the level of the CPI over the same period: Date March 2013 March 2014 March 2015 March 2016 March 2017 March 2018 March 2019 March 2020 March 2021 March 2022 Level 958 972 975 979 1000 1011 1026 1052 1068 1142 (a) For each tax year, calculate the inflation rate. (b) Now calculate a real rate of return for the NZX50 (use the full for- mula, not the approximation) for each year. (c) What is the mean nominal return for the NZX50? What is the mean real return? (d) What is the nominal volatility for the NZX50? What is the real volatility of the NZX50? (e) Suppose New Zealand had a 33% tax levied on capital gains and all dividends. Repeat your analysis, calculating after-tax mean real and nominal returns, along…
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