Transcribed Image Text
An investment in the Bosworth Closed-end Fund produced thefollowing results:DateValue per shareDividend paid to investorsEnd of Year 0$20End of Year 1$23$1.5End of Year 2$23$1End of Year 3$23$1.9What is the time-weighted rate of return on an investment inthis fund if you bought the investment at the end of Year 0 andheld it until the end of Year 3? Report your answer to fourdecimal places (e.g., 1.234% report as 0.0123)