Question
Forrestinvested $5,900 in an open-end, no-load mutual fund when the NAV was $53.68 per share.He reinvested all dividend and capital gain distributions.Eight years later, Forrestowned
Forrestinvested $5,900 in an open-end, no-load mutual fund when the NAV was $53.68 per share.He reinvested all dividend and capital gain distributions.Eight years later, Forrestowned 186.461shares, and the NAV had grown to $71.02 per share.Determine the rate of return.
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Principles Of Corporate Finance
Authors: Lawrence J. Gitman, Sean M. Hennessey
2nd Canadian Edition
0321452933, 978-0321452931
