The Vanguard Windsor II Mutual Fund Had a Net Asset

question 50

Multiple Choice

The Vanguard Windsor II mutual fund had a net asset value of $15.07 at the beginning of 1992 and $24.04 at the beginning of 1997.What was the approximate average annual growth rate in this measure over this period? (Round to the nearest whole number)

• A) 60%
• B) 8%
• C) 10%
• D) 18%
• E) 15%

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Definitions:

Idle Production Capacity

The portion of a manufacturing facility that is not being used but could be producing goods or services.

Inventory Costs

Costs associated with storing, managing, and maintaining a company's stock, including warehousing, security, insurance, depreciation, and potential obsolescence.

Service Provider

A company that offers services to individuals or other companies, including telecommunications, internet access, and various professional services.