NO.PZ2015121801000039
问题如下:
An investor evaluating the returns of three recently formed exchange-traded funds gathers the following information:
The ETF with the highest annualized rate of return is:
选项:
A.
ETF 1.
B.
ETF 2.
C.
ETF 3.
解释:
B is correct.
The annualized rate of return for ETF 2 is 12.05% = (1.0110 52/5 )-1, which is greater than the annualized rate of ETF 1, 11.93% = (1.0461365/146 )-1, and ETF 3, 11.32% = (1.143512/15 )-1. Despite having the lowest value for the periodic rate, ETF 2 has the highest annualized rate of return because of the reinvestment rate assumption and the compounding of the periodic rate.
如题
老师,这道题ear为啥是365/146,而不是146/365