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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 |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
calculate and interpret annualized return measures and continuously compounded returns, and describe their appropriate uses
CFA® 2025 Level I Curriculum, Volume 1, Module 1.