Question
Eric purchased 100 shares in a mutual fund for $30 per share 5 years ago. He has never made an additional investment in this fund,
Eric purchased 100 shares in a mutual fund for $30 per share 5 years ago. He has never made an additional investment in this fund, but because of reinvested dividends and capital gains, he now owns 188 shares with a net asset value of $55 per share. Ignoring taxes, his compound average annual rate of return (IRR) is
68.93%.
36.08%.
52.79%.
28.08%.
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International Finance Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
10th edition
978-0133425895, 133425894, 978-0133423631, 133423638, 978-0133423648
