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The Alexandria Fund has been operating for five years and has achieved a total return of 34%. A) Find the annualised return to the nearest

The Alexandria Fund has been operating for five years and has achieved a total return of 34%.

A) Find the annualised return to the nearest basis point. (5 marks)

B) If the Alexandria Fund continues to experience the same returns, how many years since the Alexandria Fund began would it take the Alexandria Fund to quadruple the amount of money it started with? You may express the answer to the nearest whole year. (5 marks)

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