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If an investor buys shares in a no-load mutual fund for $37 and after five years the shares appreciate to $46, what is (1) the
If an investor buys shares in a no-load mutual fund for $37 and after five years the shares appreciate to $46, what is (1) the percentage return and (2) the annual compound rate of return using time value of money? Round your answers to two decimal places.
Percentage return:%
The annual compound rate of return:%
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