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
A) 10.0%.
B) 12%.
C) 21%.
D) 31%.
Answer: B
Business
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Indicate whether the statement is true or false
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