Question
If an investor buys shares in a no-load mutual fund for $33 and after five years the shares appreciate to $57, what is (1) the
If an investor buys shares in a no-load mutual fund for $33 and after five years the shares appreciate to $57, what is (1) the percentage return and (2) the annual compound rate of return using time value of money?
Percentage return:
The annual compound rate of return:%
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
