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Basic Question 1 of 13
An investor invested $10,000 in an open-end mutual fund. 103 days later his investment is worth $10,372. What's his annualized rate of return?
B. 13.82%
C. 14.37%
A. 13.18%
B. 13.82%
C. 14.37%
User Contributed Comments 1
| User | Comment |
|---|---|
| walterli | or 10000x(1+?)^(103/356)= 10372 use calculator to get the yield |
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Learning Outcome Statements
calculate and interpret annualized return measures and continuously compounded returns, and describe their appropriate uses
CFA® 2024 Level I Curriculum, Volume 1, Module 1.