Question

You have found the following mutual fund on Fidelity.

It’s ticker symbol is FNMIX. It is Fidelity New Markets Income Fund.

The values of a “Hypothetical $10,000 Investment” on November 30, 2009 are shown below. This assumes you invested $10,000 on November 30, 2009, reinvested all income, and made no further investments.

Value on November 30 of each respective year.

2009 $10,000

2010 $11,091

2011 $11,829

2012 $14,220

2013 $13,386

2014 $14,560

2015 $14,473

2016 $15,791

2017 $17,633

2018 $16,289

2019 $17,761

Q1: What was its 5-year average annual return? Show work and keystrokes.

Q2: What was its 10-year average annual return? Show work and keystrokes.

Answer 1

Q1)

Q2)