Roger Inves value of his holdings was $1,700, and he calculated that his investment had grown 3.8% In 2010, the DWJ Fund lost-2.3%. At the end of 2011, Roger calculated that his 3 year average annual return was 5.4%. In the first month of 2012 (January), the DWJ Fund grew 1.3% If the fund continues to grow at the same rate for the remainder of 2012 as it did in January, what will the annual growth rate be? PS4 0.0% annual() 3 45 6 2 1 7 SUBMIT ANSWER EXIT

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Roger invested in the DWJ Pacific Growth Mutual Fund at the end of 2008. At the end of 2009, the
value of his holdings was $1,700, and he calculated that his investment had grown 3.8%. In 2010, the
DWJ Fund lost-2.3%. At the end of 2011, Roger calculated that his 3 year average annual return was
5.4%. In the first month of 2012 (January), the DWJ Fund grew 1.3%
If the fund continues to grow at the same rate for the remainder of 2012 as it did in January, what
will the annual growth rate be?
PS4
0.0% annual (%)
12345
6 7
SUBMIT ANSWER
EXIT
Rang
.650 10.150 BA
CALCULATED VARIABLES:
cagr 0.052 (5.2%)
2011value - $1,905
rate2011 0.147 (14.7%)
value2010-$1,661
2009growth - $62
initial- $1,638
Transcribed Image Text:Roger invested in the DWJ Pacific Growth Mutual Fund at the end of 2008. At the end of 2009, the value of his holdings was $1,700, and he calculated that his investment had grown 3.8%. In 2010, the DWJ Fund lost-2.3%. At the end of 2011, Roger calculated that his 3 year average annual return was 5.4%. In the first month of 2012 (January), the DWJ Fund grew 1.3% If the fund continues to grow at the same rate for the remainder of 2012 as it did in January, what will the annual growth rate be? PS4 0.0% annual (%) 12345 6 7 SUBMIT ANSWER EXIT Rang .650 10.150 BA CALCULATED VARIABLES: cagr 0.052 (5.2%) 2011value - $1,905 rate2011 0.147 (14.7%) value2010-$1,661 2009growth - $62 initial- $1,638
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