Ms. Yamisaka has determined that the average monthly return of another Mega client was 1.63 percent during
Question:
Ms. Yamisaka has determined that the average monthly return of another Mega client was 1.63 percent during the past year. What is the annualized rate of return?
a. 5.13 percent
b. 19.56 percent
c. 21.41 percent
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Related Book For
Fundamentals of Investments, Valuation and Management
ISBN: 978-1259720697
8th edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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