If an investor buys shares in a no-load mutual fund for $33 and after eight years the shares appreciate to $60, 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:   %

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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Author:MOYER
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Chapter2: The Domestic And International Financial Marketplace
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If an investor buys shares in a no-load mutual fund for $33 and after eight years the shares appreciate to $60, 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:   %

 

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