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Use of Financial Calculator TI BA II Plus Required

Question 130

Multiple Choice

Use of Financial Calculator TI BA II Plus required. Which of the following nominal rates of return yields the highest effective annual return?


A) 8) 5 percent simple interest earned on a GIC
B) 8 percent compounded monthly on a dividend mutual fund
C) 8) 4 percent compounded semi-annually on a balanced mutual fund
D) 7) 5 percent compounded weekly on a Canadian equity fund

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