Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You just sold a stock and realized a 12 percent return for a 1-month holding period. What was your effective annualized rate of return (EAR)?

image text in transcribed
You just sold a stock and realized a 12 percent return for a 1-month holding period. What was your effective annualized rate of return (EAR)? (in percent to 2 decimal places, so 10% is 10.00, not 0.10 )

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fearless Finances A Timeless Guide To Building Wealth

Authors: Cassandra Cummings

1st Edition

1400230381, 978-1400230389

More Books

Students also viewed these Finance questions

Question

18. Prove Theorem 8.9.5 by using Theorem 8.2.1.

Answered: 1 week ago