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Over the last two years, you did not invest additional money in your retirement portfolio. You did, however, reinvest all dividends and distributions. Two years
Over the last two years, you did not invest additional money in your retirement portfolio. You did, however, reinvest all dividends and distributions. Two years ago, your investment was worth $5,000.00. Today, it is only worth $4,468.60. When you complain to your fund manager, he indicates that your annual rate of return for the year that just ended was 19%. Calculate your annual rate of return for the first year.
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