Multiple Choice
Steve purchased a bond for $975.00.Ninety days later he received interest income of $40.00,and then immediately sold the bond for $990.00.What is the annualized rate of return Steve earned on this investment?
A) 5.6%
B) 22.6%
C) 16.4%
D) 10.1%
E) 12.3%
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q32: The relative amount of personal funds,or initial
Q33: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2180/.jpg" alt=" -Refer to Portfolio.What
Q34: The total value of a firm's stock
Q35: The total return earned from the time
Q36: An order that gives instructions to cancel
Q38: When one investor borrows stock from another
Q39: A stock purchased for $52 paid a
Q40: An investor earned a 5 percent holding
Q41: An order to execute a trade at
Q42: A _ order is an order to