Five years ago, you invested in the Future Investco Mutual Fund by purchasing 1,100

shares of the fund at a net asset value of $18.84 per share. Because you did not need the income, you elected to reinvest all dividends and capital gains distributions. Today, you sell your 1,350 shares in this fund for $21.09 per share. What is the compounded rate of return on this investment over the five-year period?

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Part 1

The compounded rate of return on this investment over the five-year period is

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