The current (simple annualized) yield on a money market mutual fund, based on the return for the

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The current (simple annualized) yield on a money market mutual fund, based on the return for the most recent seven days, is 4.12%. What effective (annualized) yield will be reported for the fund?

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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 on a money market mutual fund, based on the return for the

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Business Mathematics In Canada

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