Question
Desert Company invests its annual savings in different mutual funds. In 2014, they invested $15,500 in high-growth funds, $11,000 in medium-growth funds, and $8,500 in
Desert Company invests its annual savings in different mutual funds. In 2014, they invested $15,500 in high-growth funds, $11,000 in medium-growth funds, and $8,500 in low-growth funds. If the value of their low growth funds dropped by 12.70% this year, while the rest stayed the same, by what percent did the total value of the investments change?
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Fundamentals of corporate finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
9th edition
978-0077459451, 77459458, 978-1259027628, 1259027627, 978-0073382395
