Question
At the beginning of the year, you invested $4000 in a no-load mutual fund with a NAV of $20.00. At the end of the year,
At the beginning of the year, you invested $4000 in a no-load mutual fund with a NAV of $20.00. At the end of the year, the fund distributed of $1.06 in short term earnings and $3.10 in long term earning. The end of year NAV was $19.42. what was your annual rate of return on this investment?
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Principles Of Financial Management
Authors: Haim Levy, Marshall Sarnat
1st Edition
0137097751, 978-0137097753
