If an investor buys shares in a no-load mutual fund for $30 and after nine years the shares appreciate to $56, what is (a) the percentage return and (b) the annual compound rate of return using time value of money? Round your answers to two decimal places. a. percentage return: b. annual compound rate of return:

If an investor buys shares in a no-load mutual fund for $30 and after nine years the shares appreciate to $56, what is (a) the percentage return and (b) the annual compound rate of return using time value of money? Round your answers to two decimal places. a. percentage return: b. annual compound rate of return:

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter12: Investing In Stocks And Bonds

Section: Chapter Questions

Problem 1FPE: What makes for a good investment? Use the approximate yield formula or a financial calculator to...

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