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An investment has an EAR of 8.14% and the interest is compounded quarterly. What is the APR for this investment? Enter your answer in decimals
An investment has an EAR of 8.14% and the interest is compounded quarterly.
What is the APR for this investment?
Enter your answer in decimals (not percent) and round to 4 decimal places, for example 0.1234.
Part 2
6 months ago (one-half of a year) you purchased a share of ABC Corp for $66.13. Today you sold the share for $76.57.
What is your EAR for this investment?
Enter your answer in decimals (not percent) and round to 4 decimal places, for example 0.1234.
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