If an investor buys shares in a no-load mutual fund for $30 and after five years the shares appreciate to $46, what is (1) the percentage return and (2) the annual compound rate of return using time value of money? Round your answers to two decimal places. Percentage return: % The annual compound rate of return: %
If an investor buys shares in a no-load mutual fund for $30 and after five years the shares appreciate to $46, what is (1) the percentage return and (2) the annual compound rate of return using time value of money? Round your answers to two decimal places. Percentage return: % The annual compound rate of return: %
Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
Problem 2P
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If an investor buys shares in a no-load mutual fund for $30 and after five years the shares appreciate to $46, what is (1) the percentage return and (2) the annual compound
Percentage return: %
The annual compound rate of return: %
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