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Five years ago, you invested in the Future Investco Mutual Fund by purchasing 1 , 1 0 0 shares of the fund at a net
Five years ago, you invested in the Future Investco Mutual Fund by purchasing shares of the fund at a net asset value of $ per share. Because you did not need the income, you elected to reinvest all dividends and capital gains distributions. Today, you sell your shares in this fund for $ per share. What is the compounded rate of return on this investment over the fiveyear period?
The compounded rate of return on this investment over the fiveyear period is Round to two decimal places.
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