Hugh Wallace Has the Following Information Regarding Three Investment Options

question 65

Multiple Choice

Hugh Wallace has the following information regarding three investment options.Each investment option involves the same one-year period. What nominal rate of return will Hugh earn if he invested in option 1?

• A) 0.79%
• B) 3.22%
• C) 0.32%
• D) 6.67%

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Definitions:

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