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Ms. Yong invested $16,800 in a Canadian equity mutual fund, $25,600 in a U.S. equity mutual fund, and $31,000 in a global fund that holds a variety of foreign securities. If in the subsequent 6 months, the value of the units in the Canadian fund dropped by 4.3%, the U.S. fund declined by 1.1%, and the global fund rose by 8.2%, what was the overall rate of return on Ms. Yong's mutual fund portfolio for the 6-month holding period?
Learning Environment
A setting or context designed to facilitate education and acquisition of knowledge, skills, and competencies.
Entity Mind-Set
A cognitive framework in which an individual perceives abilities and traits as fixed and unchangeable.
Incremental
Refers to something happening in small steps or stages.
Malleable
Describing something that is capable of being shaped, influenced, or altered; often used in the context of personal attributes or abilities.
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