Question
Danielle's shares in the Industrial Growth Fund (an equity mutual fund) dropped in price from $12.86 to $12.56 over a three-month period. What were the
Danielle's shares in the Industrial Growth Fund (an equity mutual fund) dropped in price
from $12.86 to $12.56 over a three-month period. What were the simple and effective
annualized rates of return during the period? Calculate percentages accurate to the nearest
0.01%.
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Personal Finance
Authors: Jeff Madura
7th Edition
0134989961, 978-0134989969
