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2. A P100 investment yields P112.55 in one year. The interest on the investment was compounded quarterly. From this information, what was the stated rate or APR of the investment? a.12.55% b.12.25% c.12.15% d.12.00%

2. A P100 investment yields P112.55 in one year. The interest on the investment was compounded quarterly. From this information, what was the stated rate or APR of the investment? a.12.55% b.12.25% c.12.15% d.12.00%

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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2. A P100 investment yields P112.55 in one year. The interest on the investment was compounded quarterly. From this information, what was the stated rate or APR of the investment?


a.12.55%
b.12.25%
c.12.15%
d.12.00%

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