Byron is investigating a mutual fund and he is solving for Interest Rate.
An investment instrument known as a mutual fund is professionally managed and uses money from many different investors to purchase securities. The phrase is often used in the US, Canada, and India, although open-ended investment companies and SICAVs are analogous global structures in the UK and Europe, respectively. A mutual fund is a group of investments that a fund manager professionally manages. A trust that invests money in stocks, bonds, money market instruments, and/or other securities after collecting funds from a number of participants who have similar investing goals.
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