What Quarterly Compounded Nominal Rate of Return Is Required to Return

question 76

Short Answer

What quarterly compounded nominal rate of return is required to return $2,000 per quarter if the perpetuity fund is $98,000? What is the effective rate of interest?

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Material Information

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Securities Litigation Uniform Standards Act of 1998

A federal law that limits the securities class action lawsuits in state courts, aiming to prevent forum shopping and inconsistent rulings.

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Sarbanes-Oxley Act of 2002

A U.S. law passed in response to financial scandals to protect investors by improving the accuracy and reliability of corporate disclosures.