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Basic Question 2 of 13

An analyst obtains the following information for a mutual fund:

Time since inception: 20 months
Return since inception: 18%

What is the mutual fund's annualized rate of return?

A. 10.8%
B. 10.44%
C. 10.1%

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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu

Edward Liu

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.