Question
Compute the total and annual returns on the following investment. Nineteen years after purchasing shares in a mutual fund for $5600, the shares are
Compute the total and annual returns on the following investment. Nineteen years after purchasing shares in a mutual fund for $5600, the shares are sold for $11,700. The the total retum is 108.9%. (Do not round until the final answer. Then round to one decimal place as needed.) The annual return is%. (Do not round until the final answer. Then round to one decimal place as needed.)
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Essentials Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
7th Edition
0073382469, 978-0073382463
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