Question
If an investor earns 3 percent on an investement in an asset with four months to maturity, what is the 4-month effective rate of return
If an investor earns 3 percent on an investement in an asset with four months to maturity, what is the 4-month effective rate of return or yield? What is the annual effectve rate of return on this bond (assuming 12 months per year)?
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Personal Finance Building Your Future
Authors: Robert Walker, Kristy Walker
2nd Edition
0077861728, 9780077861728
