Question
You are buying a mutual fund for $1,000. You distribute $60 each year for seven years, then sell the shares for $775. Required: What is
You are buying a mutual fund for $1,000. You distribute $60 each year for seven years, then sell the shares for $775.
Required:
What is the annual return on your investment?
Use Appendix B and Appendix D to answer the question.
Round your answer to the nearest whole number. %
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Essentials Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
7th Edition
0073382469, 978-0073382463
