Question
An investor purchased at 99% of face value, a 10 million Negotiable CD with 185 days to maturity. What is the Effective Annual Return? PRESENT
An investor purchased at 99% of face value, a 10 million Negotiable CD with 185 days to maturity. What is the Effective Annual Return?
PRESENT YOUR ANSWER AS PERCENTAGE ROUNDED TO ZERO DECIMAL PLACES. DON'T USE THE PERCENTAGE SYMBOL. EX IF YOUR ANSWER IS 37%, JUST WRITE 37
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Handbook Of Hedge Funds
Authors: François-Serge Lhabitant
1st Edition
0470026634, 978-0470026632
