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Basic Question 2 of 15
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 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
Learning Outcome Statements
calculate and interpret major return measures and describe their appropriate uses;
compare the money-weighted and time-weighted rates of return and evaluate the performance of portfolios based on these measures;
CFA® 2024 Level I Curriculum, Volume 5, Module 62.