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22 February, 10:46

The current price per share of Capital Mutual Fund is $15.55. The year to date return is + 11.4 percent. What was the price per share at the beginning of the year?

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  1. 22 February, 13:08
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    X (1+0.114) = 15.55

    Solve for x

    X=15.55: (1+0.114)

    X=15.55:1.114

    X=13.96
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