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
Section: Chapter Questions
Problem 1PS
Related questions
Question
For part a) I got $908.78 instead of $908.56. Is there a miscalculation?
Expert Solution
Step 1: No, its fine.
Decimal values hardly matters. The answer is always on an approximate basis. So, if your numbers after decimal differs, it is almost irrelevant and can differ because of approximation. Both are correct.
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