Suppose a hedge fund manager earns 1% per trading day. There are 250 trading days per year.
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b) What will be you rannual return assuming she puts all of your daily earnings into a zero-interest- bearing check account and pays you everything earned at the end of the year?
c) Can you summarize when it is proper to "annualize" using APR(annual percentage rate) versues EAR (effective annual rate)?
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Accounting and Financial Analysis in the Hospitality Industry
ISBN: 978-0132458665
1st edition
Authors: Johnathan Hales
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