Question
5 years ago Mary purchased shares in a certain mutual fund at Net Asset Value (NAV) of $64. She reinvested her dividends into the fund,
5 years ago Mary purchased shares in a certain mutual fund at Net Asset Value (NAV) of $64. She reinvested her dividends into the fund, and today she has 7.6% more shares than when she started. If the fund's NAV has increased by 40.3% since her purchase, compute the rate of return on her investment if she sells her shares today.
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Forecasting Principles And Practice
Authors: Rob J Hyndman, George Athanasopoulos
3rd Edition
0987507133, 978-0987507136
