(1 + r0.25)4 = (1 + r1). Thus, r0.25 = 4 1 + r1 1...
Question:
(1 + r0.25)4 = (1 + r1). Thus, r0.25
= 4
√
1 + r1
− 1 = 1.51/4 − 1 ≈ 10.67%.
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