QUESTIONS 19 THROUGH 32 RELATE TO QUANTITATIVE METHODS

19. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2012
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2012
19. If the stated annual interest rate is 20% and the frequency of compounding is monthly, the effective annual rate (EAR) is closest to: A. 20%. B. 21%. C. 22%.