  761

. ^ ($10,03 - $10,50) + $0,05 + $0,04 ^
''"            $10,50            -   '

 , ,         $0,50
    ,   3,62%.  
   $10,00  ,     
,   .   
     ,    
$10, ..       ,   
1,20%.

       
   . ,     -
          .
          -
.         .   
       ,    -
          -
,     .     
         
 . 25.

22.5.2      

  ,        ,
    .    
        
        ,   
        
 .

 . 22.4      
         

 	
  	
	f'^STB ' 1! " ' :
-	
- 	-  2|67  
	12345678
  (%  )

. 22.4.        
123    19601969 .

: John G. McDonald, Objectives and Performance of Mutual Funds, 1960-1969, Journal
of Financial and Quantitative Analysis, 9, no. 3 (June 1974), p. 316.