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Five years ago, you irvested in the Future litvestco Mutual Fund by purchasing 1,400 shaces of the fund at a net asset value of $18.81
Five years ago, you irvested in the Future litvestco Mutual Fund by purchasing 1,400 shaces of the fund at a net asset value of $18.81 per share. Because you did not need the income, you elected 10 reinvest afl dividends and capital gains distributions. Todry, you set your 1.550 shares in this fund for $20.16 per share. What is the compounded rate of retum on this investrent over ine five-year period? The compounded tate of rewin on this imestment over the five-year period is 6. (Round to two deomal places)
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