annual compound (internal) rate of return Over the last two years, the XYZ Bond mutual fund owned by

annual compound (internal) rate of
return

Over the last two years, the XYZ
Bond mutual fund owned by the White family, valued at $60,000, has returned
them quarterly dividends as follows; -0-; $1800; $1200; -0-; $800; $1000;
$1200; $1500 These were all withdrawn as soon as received and not reinvested
If the Whites were to sell this fund now for its current balance and
immediately after the time of receipt of the last dividend, what has been their
annual compound (internal) rate of return? (Round to nearest decimal place)

 

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