If the annual percentage rate (APR) of an investment is 10% compounded weekly, what is the effective annual rate (EAR)? Assume 52 weeks in a year. Multiple choice question. 11.25% 12.23% 10.51% 13.45%

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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If the annual percentage rate (APR) of an investment is 10% compounded weekly, what is the effective annual rate (EAR)? Assume 52 weeks in a year.

Multiple choice question.

11.25%

12.23%

10.51%

13.45%

 

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