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Click to see additional instructions This is the same information as the prior question. You put money in a mutual fund four years ago. All
Click to see additional instructions This is the same information as the prior question. You put money in a mutual fund four years ago. All dividends on the mutual fund were reinvested into the portfolio as part of an automatic reinvestment program. Your account, in each of the past four years, earned 14% in the first year, 12% in the second year, 3% in the third year, and -22% in the last year. What was the arithmetic average return on your mutual fund investment? (Your answer should be in percentage terms. Don't type the % sign. E.g., if your answer is 10.4%, type in 10.4)
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