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stranahan stranahan
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7 years ago
Your investment advisor informs you that you do not need to pay a fee for his services. Instead, he invests your money for one month and keeps all of the proceeds before investing it for you. If your advisor makes and keeps a 2% return on your investment, what is his EAR if the earnings rate could be extrapolated for one year?
A) 2.00%
B) 26.82%
C) 126.82%
D) 24.00%
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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portalgoal!portalgoal!
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7 years ago
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stranahan Author
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#2
7 years ago
Thank you very much for this. It's really helpful.
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