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My how time flies! A year ago, Will purchased 100 shares of a balanced mutual fund for $14.25 per share. Today, its current NAV
My how time flies! A year ago, Will purchased 100 shares of a balanced mutual fund for $14.25 per share. Today, its current NAV is $19.75 per share. During the year that Will owned his shares, the fund did not make any dividend distributions. What is Will's total rate of return during his one-year holding period?
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Financial Accounting A User Perspective
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
6th Canadian Edition
470676604, 978-0470676608
