22. You want to invest $5,000 in a mutual fund. Mutual Fund A has an...
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22. You want to invest $5,000 in a mutual fund. Mutual Fund A has an expected return of 6.75%, compounded monthly (112 = 6.75%). Mutual Fund B has an expected return of 6.70% compounded weekly (rs2 = 6.70%).What is the difference in the effective annual rates between the returns of Mutual Fund A and Mutual Fund B? a) 0.4628% b) 0.0500% c) 0.0532% d) 0.0379%
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