Question
An index has an initial level of 8,000 and an ending level of 10,500. If an index- linked GIC has a participation rate of 60%,
An index has an initial level of 8,000 and an ending level of 10,500. If an index- linked GIC has a participation rate of 60%, the investor's return would be closest to...
a)13%.
b)17%.
c)19%.
d)31%.
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Entrepreneurial Finance
Authors: Philip J. Adelman; Alan M. Marks
6th edition
9780133099096, 133140512, 133099091, 978-0133140514
