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?

---

Definitions:

Palpebral Fissures

The open spaces between the eyelids that shape the eyes, which can indicate certain genetic conditions or syndromes.

Corneal Light Test

A clinical examination assessing the reflection of light from the cornea to diagnose eye alignment or abnormalities.

Retinal Background

Refers to the overall appearance of the retina, including its vascular structure and color, important in diagnosing retinal diseases.

Palpebral Fissures

The natural openings between the upper and lower eyelids.