Question: Moving to another question will save this response Question 3 Which statement is true about conventions for annualizing rates of return? APR is the annualized

Moving to another question will save this response Question 3 Which statement is true about conventions for annualizing rates of return? APR is the annualized rate taking compounding into consideration EAR (effective annual rate) is calculated assuming compounding during the year oThe difference between APR and EAR for a given retum does not depend on the number of compounding period Because EAR takes compounding into consideration, it is always greater than APR Moving to another question will save this response

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