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

question 20

Essay

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

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Definitions:

Wagner Act

Also known as the National Labor Relations Act of 1935, it established the rights of workers to organize, join labor unions, and engage in collective bargaining.

Employer

An individual or organization that hires and pays individuals for their labor or services.

Negotiations

The process of discussing and aiming to reach a mutual agreement between parties with differing needs or viewpoints.

Railway Labor Act

A federal law in the United States that aims to avoid work stoppages and labor-management disputes in the railway and airline industries.