The Current (Simple Annualized) Yield, Based on the Holding-Period Return

question 128

Short Answer

The current (simple annualized) yield, based on the holding-period return for the most recent seven days, is reported for a money market mutual fund as 4.54%. What is the fund's corresponding effective (annualized) yield?

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Definitions:

Bilingualism

The ability to understand and use two languages proficiently.

Resilience

The capacity to recover quickly from difficulties; emotional strength in face of adversity.

Belongingness

The feeling of being an accepted and integral part of a group, community, or environment.

Cultural Discontinuity

When students feel disconnected with the overall cultural environment of the classroom because it does not reflect their culture.