OVER A PERIOD OF 16 MONTHS, AN INVESTOR HAS EARNED A RETURN OF 12...

119. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON VERSIONB QUESTIONS 2014
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON VERSIONB QUESTIONS 2014

119. Over a period of 16 months, an investor has earned a return of 12%. The investor's annualized

return is closest to:

A. 9.00%.

B. 8.87%.

C. 9.38%.