A mutual fund earned 5% over the last year, 10% per year (geometric average) over the last 2 years. If you invested $1,000 per year
A mutual fund earned 5% over the last year, 10% per year (geometric average) over the last 2 years. If you invested $1,000 per year in the fund at the beginning of each of the last 2 years, how much would your investments be worth today? What is the IRR of your investment? What is your arithmetic average return?
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Authors: Paula H. Song, Kristin L. Reiter
3rd Edition
1567939759, 978-1567939750
