Question
Long-Term Investments This exercise is based on the following table, which lists interest rates on long-term investments (based on 10-year government bonds) in several countries
Long-Term Investments This exercise is based on the following table, which lists interest rates on long-term investments (based on 10-year government bonds) in several countries in 2021.
| Country | United States | Qatar | Iceland | South Africa |
|---|---|---|---|---|
| Yield | 0.025% | 2.5% | 1.0% | 3.5% |
If the interest on a long-term Qatar investment is compounded continuously, how long will it take the value of an investment to double? (Give the answer correct to two decimal places.)
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Financial Markets And Institutions An Introduction To Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
3rd Edition
0073250937, 9780073250939
