suppose that an investment earn anominal rate of (expressed as a decimal) pounded twice a year .

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suppose that an investment earn anominal rate of (expressed as a decimal) pounded twice a year . what is the effective rate

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Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Posted Date: Mar 10, 2024 04:48 AM

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suppose that an investment earn anominal rate of (expressed as a decimal) pounded twice a year .

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Solution To find the effective rate we need to use the formula Effective Rate 1 Nomin... View the full answer

Principles of Finance

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