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An analyst obtains the following annual (inear) rates of returns for a mutual fund: year | return(%) 2008 2009 2010 14 -10 ebo A 0.18%

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An analyst obtains the following annual (inear) rates of returns for a mutual fund: year | return(%) 2008 2009 2010 14 -10 ebo A 0.18% 0.55% 0.67% Hint: if you invested 1 dollar at the beginning of 2008 how much would you have at the beginning of 2009? if you take that amount and invest it in the fund again how much would you have at the beginning of 2010? if you repeat this logic how much would you have at the end of 2010

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