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pjw1979 pjw1979
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2 years ago
Ten years ago, Taylor purchased 444.44 shares in a mutual fund for $22.50 per share. He has never made an additional investment in this fund, but because of reinvested dividends and capital gains, he now owns 1,200 shares with a net asset value of $25.88 per share.  Ignoring taxes, his compound average annual rate of return (IRR) is

▸ 10.0%.

▸ 12%.

▸ 21%.

▸ 31%.
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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nilabmirzadanilabmirzada
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2 years ago
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pjw1979 Author
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2 years ago
Thanks
vanna2014
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Brilliant ツ
Tabitha.davis
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Thanks for your help!!
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