Short Answer
In early 2009, the Templeton Growth Fund ran advertisements containing the message: $10,000 INVESTED IN TEMPLETON GROWTH FUND IN 1954 WOULD BE WORTH OVER $5.09 MILLION TODAY.
What compound annual rate of return did the fund realize over this period (December 31, 1954 to December 31, 2009)?
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12.23% com...View Answer
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