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 201526: 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.
The formula is :
r=(S/P)^1/n -1
Answer by rfer(16322) About Me  (Show Source):