SOLUTION: Top Bond Fund. An investment of $10,000 in the Emerging Country Debt Fund in 2001 was worth $24,780 in 2006. Use the formula from the previous exercise to find the 5 year average a
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Question 209828: Top Bond Fund. An investment of $10,000 in the Emerging Country Debt Fund in 2001 was worth $24,780 in 2006. Use the formula from the previous exercise to find the 5 year average annual return. (formula) r=(S/P)1/n-1
Answer by nyc_function(2741) (Show Source): You can put this solution on YOUR website!
r = (24,780/10,000) times 1/5 - 1
r = (24,780/10,000) times 1/4
Can you finish now?
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