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    Exam 9: Compound Interest: Further Topics and Applications
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    The Current (Simple Annualized) Yield on a Money Market Mutual
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The Current (Simple Annualized) Yield on a Money Market Mutual

Question 83

Question 83

Short Answer

The current (simple annualized) yield on a money market mutual fund, based on the return for the most recent seven days, is 4.12%. What effective (annualized) yield will be reported for the fund?

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