At the beginning of the year, the client owned 414.518 shares of Vanguard Inflation-Protected Securities Fund, a U.S. government bond fund. Her account was valued at $5,061.26, based on a price per share of $12.21. At the end of the year, the account was valued at $5,479.99.
b) Calculate the return in $ for the year.
c) Calculate the return in % for the year.
d) Is your answer to c) annualized? Does the formula you used in c) provide the annualized return in %? Explain what you mean.