Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help pls :) Your rich Uncle Bertie invested $9,118 on your behalf 10 years ago into a hedge fund. You just found out that your

help pls :)
image text in transcribed
Your rich Uncle Bertie invested $9,118 on your behalf 10 years ago into a hedge fund. You just found out that your share of that hedge fund is now worth $39,478. What was the average annual return on that hedge fund over the last 10 years? (Please respond with two decimal points - known as the 100 basis point - precision, for instance 19.02 for 19.02% )

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Finance

Authors: Alan Parkinson

1st Edition

0750618264, 978-0750618267

More Books

Students also viewed these Finance questions