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The Investment Research Institute Reported in Its Mutual Fund Fact

Question 33

Multiple Choice

The Investment Research Institute reported in its Mutual Fund Fact Book that the number of mutual funds increased from 5725 in 1999 to 7977 in 2009. What is the geometric mean annual percent increase in the number of funds?


A) 1.034
B) 3.37
C) 39.34
D) 71.77
E) 633.5

Correct Answer:

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