Ms. Yamisaka has determined that the average monthly return of another Mega client was 1.63 percent during

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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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Fundamentals of Investments, Valuation and Management

ISBN: 978-1259720697

8th edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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