What would your rate of return be

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Problem

Five years ago, you invested in the Future Investco Mutual Fund by purchasing 1,100 shares of the fund at the price of $ 18.07 per share. Because you did not need the income, you elected to reinvest all dividends and capital gains distributions. Today, you sell your 1,300 shares in this fund for $20.39 per share.

I. If there were a 1.5% load on this fund, what would your rate of return be? Get the instant assignment help.
II. The compounded rate of return on this investment over the three-year period is what percentage?

Reference no: EM133926326

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