You are buying a mutual fund for $1,000. You distribute $60 each year for seven years, then

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You are buying a mutual fund for $1,000. You distribute $60 each year for seven years, then sell the shares for $775.

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What is the annual return on your investment?

Use Appendix B and Appendix D to answer the question.

Round your answer to the nearest whole number. %

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Essentials Of Corporate Finance

ISBN: 9780073382463

7th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Posted Date: Apr 29, 2023 08:09 AM

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You are buying a mutual fund for $1,000. You distribute $60 each year for seven years, then

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Essentials Of Corporate Finance

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