Consider the following information for the BU Scholarship Investment Fund. The total investment in the...
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Finance
Consider the following information for the BU Scholarship Investment Fund. The total investment in the fund is $1 million.
Stock Investment Amount Stock's Return Last Year
A $200,000 9.6%
B $500,000 11.9%
C $300,000 11.0%
Based on this information, what was the annual rate of return for the BU Scholarship Investment Fund last year? Answer in units of percent to 2 decimal places
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