FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If an investor purchases shares in a no-load mutual fund for $28 and after seven years the shares appreciate to $45, what is (1) the

If an investor purchases shares in a no-load mutual fund for $28 and after seven years the shares appreciate to $45, 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:_______ %

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_2

Step: 3

blur-text-image_3

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

Introduction To Financial Technology

Introduction To Financial Technology

Authors: Roy S. Freedman

1st Edition

0123704782, 9780123704788

More Books

Students also viewed these Finance questions

Question

★★★★★
For correlated random variables X and Y it is natural to ask for the expected value for X given Y . For example, Galton calculated the expected value of the height of a son given the height of the...

Answered: 1 week ago

Question

★★★★★
Prior to fitting a line to the calculus grade-achievement score data, you may have thought that a score of 0 on the achievement test would predict a grade of 0 on the cal- culus test. This implies...

Answered: 1 week ago

Question

★★★★★
4. Which of the following techniques is recommended for approaching and disciplining a student who may be prone to explosive behavior? A. Move swiftly and get as close to the misbehaving student as...

Answered: 1 week ago

Question

★★★★★
A little exchange economy has just two consumers, named Kenand Barbie, and two commodities, quiche and wine. Kens initial endowment is 3 units of quiche and 2 units of wine. Barbies initial endowment...

Answered: 1 week ago

Question

★★★★★
Select one of the objectives below, do some additional research on the topic. Then write a two or three paragraph post.. Objectives: what subnets are and why they are useful what factors determine...

Answered: 1 week ago

Question

★★★★★
(b) An electric vehicle (EV) using capacitive coupler to transfer power wirelessly as in Figure Q3(b). There are two plates are used for shield plate and four plates as coupler plates in which the...

Answered: 1 week ago

Question

★★★★★
5S is one of the most widely adopted techniques from the lean manufacturing toolbox. Based on the "house of lean", it's provide an overview of the tools and methods of lean management that can be...

Answered: 1 week ago

Question

★★★★★
As a manufacturing company, Company Kappa sells their sachets of powdered juices to retailers, supermarkets and distributors instead of direct customers. Having said this, they usually deliver...

Answered: 1 week ago

Question

★★★★★
What process improvements can HeroEnergy adopt to improve standardised data, financial reporting and employee engagement? A newly established government agency focusing on renewable energy has just...

Answered: 1 week ago

Question

★★★★★
The Temper-Tone Steel Company produces two major products, a stainless steel sheet called Flextin and stainless steel silverware. Both products go through the same initial production process where...

Answered: 1 week ago

Question

★★★★★
Vaughn Co. purchased 61,7% Ivanhoe Company bonds for $61000 cash. Interest is payable annually on January 1. If 28 of the securities are sold on January 1 for $32700, the entry would include a credit...

Answered: 1 week ago

Question

★★★★★
=+2. Is social entrepreneurship the future of business or a phenomenon that, ultimately, must give way to the supremacy of the profit motive?

Answered: 1 week ago

Question

★★★★★
=+4. Would you think twice about investing in a sin fund if historical returns showed greater growth potential than SRI funds? What is the justification for your decision?

Answered: 1 week ago

Question

★★★★★
=+is it merely lulling gullible investors into a false sense of security by allowing them to think they are investing with a conscience?

Answered: 1 week ago

Previous Question Next Question