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Distribution Adjustment Example

*without stock split*

Symbol: FMAGX from starting date:  01/03/00   to last date in the database: 12/29/00.
  BP= -8.27%    First CP= $135.110    Last CP = $119.300
X-Date of Distribution Closing Price Distribution Amount Split Ratio
12/08/00 $124.900 2.060(1.860 + 0.200) 1.0
05/05/00 $132.010 2.900(1.910+.070+.920) 1.0
       
       
        
AdjFactor(1) = Split Ratio(1) * [ Closing Price(1) / (Closing Price(1) + Distribution Amount(1) ) ]
AdjFactor(1) =  1.0 * [ $124.900 / ($124.900 + 2.060) ]
AdjFactor(1) = .983784
AdjFactor(2) = Split Ratio(2) * [ Closing Price(2) / (Closing Price(2) + Distribution Amount(2) ) ]
AdjFactor(2) =  1.0 * [ $132.010 / ($32.010 + 2.900) ]
AdjFactor(2) = .978504
Product of All Adjustment Factors (PofAll) = AdjFactor(1) * AdjFactor(2) * AdjFactor (etc..)
PofAll = .983784 * .978504
PofAll = 0.962627
Adjusted1stPrice = First CP * PofAll
Adjusted1stPrice = $135.110 * 0.962627
Adjusted1stPrice = $130.0606
Total Return recorded as BP
[(Last CP - Adj1stPrice) / Adj1stPrice] * 100 =               %   <===== RESULT
[($119.300 - $130.0606) / $130.0606] * 100 = -8.274%