Any one tell me ,how can solve the following question: A mutual fund sells units to unit holders. it retains any income earned on its investments within the fund . unit holders can redeem units available in their account based on the unit price on 1st april in each year. the unit price on 1st April in each year is: year 1996 1997 1998 1999 2000 2001 2002 unit price on 1st April 1.86 2.11 2.55 2.49 2.88 3.18 3.52 a)- for an initial investment of rs 1 on 1st April 1996 ,find the time weighted rate of return for the fund over the period 1st April 1996 to 1st April 2002(ignore expenses of transaction). In order to allow for expenses ,the mutual fund sells units at a price that is is 2% more than the above mentioned unit price and buys back units at aprice that is 2% below the above-mentioned price. b)- write down the equation of value to find the yield obtained by an invester who purchase 200 unit on 1st april in each year ,from 1996 to 2001 inclusive, and who sold back his holding to mutual fund on 1st April 2002. c)-write down the equation of value to find the yield obtained by an investor who invested Rs 500 in the fund on 1st April in each year from 1996 to 2001 inclusive , and who sold back his holding to mutual fund on 1st April 2002.