SOLUTION: Top bond fund. An investment of $10,000 in the
Emerging Country Debt Fund in 2001 was worth $24,780
in 2006 (www.money.com). Use the formula from the
previous exercise to find t
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Question 204030This question is from textbook
: Top bond fund. An investment of $10,000 in the
Emerging Country Debt Fund in 2001 was worth $24,780
in 2006 (www.money.com). Use the formula from the
previous exercise to find the 5-year average annual
return.
using the equation: r=(s/p)^1/n-1
i really dont understand how to deal with these just yet still kind of confusing.
Thank you for your help!
This question is from textbook
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Top bond fund. An investment of $10,000 in the
Emerging Country Debt Fund in 2001 was worth $24,780
in 2006 (www.money.com). Use the formula from the
previous exercise to find the 5-year average annual
return.
using the equation: r=(s/p)^1/n-1
---------
r = (24780/10000)^(1/(5-1)
---
r = 2.478T(1/4)
r = 1.2546...%
======================
I am assuming s = 24780 and p = 10000
======================
Cheers,
Stan H.
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