Five years ago, you invested in the Future Investco Mutual Fund by purchasing 1,500 shares of the
Question:
Five years ago, you invested in the Future Investco Mutual Fund by purchasing 1,500 shares of the fund at a net asset value of $18.75 per share. Because you did not need the income, you elected to reinvest all dividends and capital gains distributions. Today, you sell your 1,850 shares in this fund for $20.56 per share. What is the compounded rate of return on this investment over the five-year period?
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Related Book For 
Fundamentals Of Investing
ISBN: 9780135175217
14th Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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