Question
You invested $8,000 in a portfolio or mutual fund and 18 years later it is worth $25,000. a) What is the 20-year HPR? Show
You invested $8,000 in a portfolio or mutual fund and 18 years later it is worth $25,000. a) What is the 20-year HPR? Show your work! b) What was your (geometric) average annual rate of return? Show your work, and round to xx.yyy% (0.xxyyy)
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
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