You earn a rate of return of 8.89% on an investment over a four-month holding...
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Finance
You earn a rate of return of 8.89% on an investment over a four-month holding period. What is your effective annual rate of return?
Do not round at intermediate steps in your calculation. Express your answer in percent. Round to two decimal places. Do not type the % symbol. If the return is negative, then include a minus sign.
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