The current (simple annualized) yield, based on the holding-period return for the most recent seven days, is

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The current (simple annualized) yield, based on the holding-period return for the most recent seven days, is reported for a money market mutual fund as 4.54%. What is the fund’s corresponding effective (annualized) yield?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:35 AM

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The current (simple annualized) yield, based on the holding-period return for the most recent seven days, is

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Business Mathematics In Canada

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