Answered

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DuraValue mutual fund gains 20% in year one. It gains 10% in year two. It gains 30% in year three. What is the average annual return of the fund

Sagot :

abiolataiwo2015

Based on the information given  the average annual return of the fund is 20%.

Using this formula

Average annual return=(Year one percentage gain+ Year two percentage gain +Year three percentage gain)/ 3 years

Where:

Year one percentage gain=20%

Year two percentage gain=10%

Year three percentage gain=30%

Let plug in the formula

Average annual return=20%+10%+30%/3

Average annual return=60%/3

Average annual return=20%

Inconclusion the average annual return of the fund is 20%.

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https://brainly.com/question/19865390

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