Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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D Question 7
1 pts
What is the effective annual rate (EAR) for a nominal rate (monthly
compounding) of 16.2 %?
SET YOUR CALCULATOR TO 4 DECIMAL PLACES THEN INPUT THE
NUMBER AS PERCENTAGE ROUNDING TO 2 DECIMALS. DO NOT
ENTER THE % SYMBOL..i.e. if your answer is 7.7711%, enter it as
7.77.
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Transcribed Image Text:D Question 7 1 pts What is the effective annual rate (EAR) for a nominal rate (monthly compounding) of 16.2 %? SET YOUR CALCULATOR TO 4 DECIMAL PLACES THEN INPUT THE NUMBER AS PERCENTAGE ROUNDING TO 2 DECIMALS. DO NOT ENTER THE % SYMBOL..i.e. if your answer is 7.7711%, enter it as 7.77.
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