What is the approximate return on a 5-year market-linked guaranteed investment certificate (GIC) that has a 25% cap rate where the relevant index had an initial index level of 9,473 and an ending index level of 15,498? 36.40% 25.00% 33.00% 63.60% Plz do fast asap
What is the approximate return on a 5-year market-linked guaranteed investment certificate (GIC) that has a 25% cap rate where the relevant index had an initial index level of 9,473 and an ending index level of 15,498? 36.40% 25.00% 33.00% 63.60% Plz do fast asap
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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What is the approximate return on a 5-year market-linked guaranteed investment certificate (GIC) that has a 25% cap rate where the relevant index had an initial index level of 9,473 and an ending index level of 15,498?
36.40%
25.00%
33.00%
63.60%
Plz do fast asap
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