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The next four questions are based on the following: You invested a lump sum of $ 5 0 , 0 0 0 in a new

The next four questions are based on the following: You invested a lump sum of $50,000 in a new company ten years ago and left it there without any further investments and now, today, the company listed on the stock exchange (an initial public offering, IPO) and your investment is worth $575,000
18) Given the above, what total return (i.e., cumulative, not annualized) did you earn on your investment across the ten years (i.e., over t=10 years)?
19)Given the above, what was the effective annual return on your investment?
20)Given the above, what was the effective monthly return on your investment?
21) For this question, assume the Banker's rule, which is to assume every month has 30 days, and there are 360 days in the year. Based on the above, what was the effective daily return on your investment?

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