An investor put 1000 into a mutual fund after a year that investment is worth $1075 assume

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An investor put 1000 into a mutual fund after a year that investment is worth $1075 assume there are no taxes on the investment gain. meanwhile inflation has been 3% over the same time period.

What bas been tbe change in the investors purchasing power?

Related Book For answer-question

Corporate Finance

ISBN: 978-0077861759

10th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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Posted Date: Mar 30, 2023 05:47 AM

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An investor put 1000 into a mutual fund after a year that investment is worth $1075 assume

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Answer i The investors purchasing power has increased by 75 100010751075 1075100075 7510000075 00751... View the full answer

Corporate Finance

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