Which type of cycle is long-term in nature? Cyclical Secular Bull/bear cycle A mutual fund has the following series of cash flows and recorded asset values. Cash Flow Period Buy one share at $65 per share Stock pays a dividend of $1 per share Buy one more share at $70 Stock pays a dividend of $1.15 per share Buy two more shares at $75 Stock pays a dividend of $1.25 per share 3 Sell entire position at $78 per share What is the money-weighted return of this mutual fund over this three-year window of time? State your answer as a percentage with two decimal places, not as a number in decimal form (i.e. 13.21 not .1321). O 1 1 2 2 3
