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B . Suppose that it is observed that the long - term real rate of return on the stockmarket, net of tax, has been 6

B. Suppose that it is observed that the long-term real rate of return on the stockmarket, net of tax, has been 6% p.a. and an investor believes that the return willbe the same in the future. Suppose that the investor invests TZS 1,000,000 in anOIC fund with a view to leaving the money invested for 10 years, allowing netdividends to be reinvested.

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