P1 105.13, P2=95.9, N=102, (1+r)²52/N P1 P2 × (1+r) 252/N = Solve for the value of r. {r is an interest rate in percentage. Give your answer in percentage with 2 decimals. For example, if you find r=0.02341638573. Your answer should be 2.34.}
P1 105.13, P2=95.9, N=102, (1+r)²52/N P1 P2 × (1+r) 252/N = Solve for the value of r. {r is an interest rate in percentage. Give your answer in percentage with 2 decimals. For example, if you find r=0.02341638573. Your answer should be 2.34.}
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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Question
Vijay
Transcribed Image Text:P1 105.13, P2=95.9, N=102,
(1+r)²52/N
P1 P2 × (1+r) 252/N
=
Solve for the value of r.
{r is an interest rate in percentage. Give your answer in percentage with 2 decimals. For
example, if you find r=0.02341638573. Your answer should be 2.34.}
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