↑ Sixteen years after purchasing shares in a mutual fund for $6000, the shares are sold for $11,100. The the total return is%. (Do not round until the final answer. Then round to one decimal place as needed.)

↑ Sixteen years after purchasing shares in a mutual fund for $6000, the shares are sold for $11,100. The the total return is%. (Do not round until the final answer. Then round to one decimal place as needed.)

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter2: Descriptive Statistics

Section: Chapter Questions

Problem 17P: Suppose that you initially invested 10,000 in the Stivers mutual fund and 5,000 in the Trippi mutual...

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Compute the total and annual returns on the following investment.
Sixteen years after purchasing shares in a mutual fund for $6000, the shares are sold for $11,100.
The the total return is%.
(Do not round until the final answer. Then round to one decimal place as needed.)

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