The All-State Mutual Fund has the following 5-year record of performance: Find this no-load funds 5-year (20092013)

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The All-State Mutual Fund has the following 5-year record of performance:
The All-State Mutual Fund has the following 5-year record of

Find this no-load fund€™s 5-year (2009€“2013) average annual compound rate of return. Also find its 3-year (2011€“2013) average annual compound rate of return. If an investor bought the fund in 2009 at $10.00 a share and sold it 5 years later (in 2013) at $15.72, how much total profit per share would she have made over the 5-year holding period?

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Fundamentals of Investing

ISBN: 978-0133075359

12th edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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