QUESTIONS 19 THROUGH 32 RELATE TO QUANTITATIVE METHODS

23. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON 2011
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON 2011

23. If the stated annual interest rate is 9% and the frequency of compounding is daily, the effective

annual rate is closest to:

A. 9.00%.

B. 9.42%

C. 9.88%.