- CFA Exams
- CFA Level I Exam
- Topic 9. Portfolio Management
- Learning Module 62. Portfolio Risk and Return: Part I
- Subject 1. Major Return Measures
CFA Practice Question
An analyst obtains the following information for a mutual fund:
Return since inception: 18%
B. 10.44%
C. 10.1%
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%
Correct Answer: B
(1 + 0.18)12/20 - 1= 10.44%
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