You are tasked with comparing two Icelandic equity funds. The other fund is called the RU IS Equity Fund (RIS). The other fund is called HÍ IS Equity Fund (HIS). It is known that the funds had the following ratios in certain shares over the period 2018 to 2021 (it is not assumed that they received dividends during the period). The proportions did not change over the period. The price of individual shares over the period can be found in the red box down below the text.  a) What was the average annual return of RIS and HIS over the period

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
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You are tasked with comparing two Icelandic equity funds. The other fund is called the RU IS Equity Fund (RIS). The other fund is called HÍ IS Equity Fund (HIS). It is known that the funds had the following ratios in certain shares over the period 2018 to 2021 (it is not assumed that they received dividends during the period). The proportions did not change over the period. The price of individual shares over the period can be found in the red box down below the text. 

a) What was the average annual return of RIS and HIS over the period

SIMINN
HAGA
MAREL
ORIGO
FESTI
EIM
VIS
ICEAIR
SYN
REITIR
RIS
10%
5%
25%
15%
10%
5%
10%
5%
5%
10%
HIS
5%
5%
5%
5%
15%
10%
10%
30%
10%
5%
Transcribed Image Text:SIMINN HAGA MAREL ORIGO FESTI EIM VIS ICEAIR SYN REITIR RIS 10% 5% 25% 15% 10% 5% 10% 5% 5% 10% HIS 5% 5% 5% 5% 15% 10% 10% 30% 10% 5%
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