(B) The Investment Company Institute reported in its Mutual Fund Fact Book that the number of mutual funds increased fro
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(B) The Investment Company Institute reported in its Mutual Fund Fact Book that the number of mutual funds increased fro
Company Institute reported in its Mutual Fund Fact Book that the number of mutual funds increased from 510 in 1995 to 957 in 2010. What is the geometric mean annual percent increase in the number of funds? (3marks)
(B) The Investment