Short Answer
Victor cannot find the original record of his purchase 4 years ago of units of the Imperial Global Fund. The current statement from the fund shows that the total current value of the units is $47,567. From a mutual fund database, Victor found that the fund's rates of return for Years 1 to 4 have been 15.4%, 24.3%, 32.1%, and -3.3%, respectively.
a) What was Victor's original investment in the fund?
b) What was the dollar increase in the value of the fund in Year 3?
Correct Answer:

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a) $25,959...View Answer
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