Answer:
B. 16.53%
Explanation:
The effective interest rate is the real interest rate charged by a bank or any other type of lender on a loan.
the formula to calculate effective interest rate = r = (1 + i/n)ⁿ - 1
r = [1 + (15.3%/365)³⁶⁵] -1 = 1.00419178³⁶⁵ - 1 = 1.165287621 - 1 = 0.165287621 ≈ 16.53%
Answer: C. equal zero
Explanation:
The mean is average of the portfolio which means that some securities will be more than the mean and some will be less.
Some deviations will be positive, others will be negative.
When these deviations are added together, the negative deviations will cancel out the positive deviations which will lead to the average deviations being 0.
Accounting is <em>a field that is concerned with the processing, measuring, and communicating of financial information of a company.</em> If you worked in an accounting department, you would most definitely have to reconcile accounts, prepare financial statements, monitor accounting activities, and prepare an investment schedule for the organization.
You will not, however, be expected to (D) develop marketing and advertising strategies. This type of task is usually assigned to the marketing department of a company.
