On Tuesday 14 September 2021, X Ltd (hypothetical company) opened for trading at a price of $10,756 and closed at a price of $10.82. If you had bought X Ltd shares in the morning and sold them at the end of the day, what is the continuously compounded rate of return you would have earned for the day?
On Tuesday 14 September 2021, X Ltd (hypothetical company) opened for trading at a price of $10,756 and closed at a price of $10.82. If you had bought X Ltd shares in the morning and sold them at the end of the day, what is the continuously compounded rate of return you would have earned for the day?
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
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