Fundamentals of Investments: Valuation and Management 9th Edition by Bradford Jordan test bank
Annualized rate of return = (1 + .1727) 12 / 8 − 1 = .2700, or 27.00%
References
Multiple Choice Learning Objective:
01-01 How to
calculate the return
on an investment
using different
methods.
Difficulty: 2
Medium
Section: 1.1 Returns