If an investor buys shares in a no-load mutual fund for $30 and after five years the

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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 $50, what is (1) the percentage return and (2) the annual compound rate of return using time value of money?

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Basic Finance An Introduction to Financial Institutions Investments and Management

ISBN: 978-1111820633

10th edition

Authors: Herbert B. Mayo

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Question Posted: Mar 19, 2015 09:30 AM

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If an investor buys shares in a no-load mutual fund for $30 and after five years the

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The percentage return is 50 3030 670 The annualized return on the investme...View the full answer

Basic Finance An Introduction to Financial Institutions Investments and Management

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