Rate of return earned on a cash-and-carry trade
Continuing with the previous question, what is the annualized rate of return earned on a cash-and-carry trade entered into in March and closed out in June?
A. 9.8%
B. 8.9%
C. 39.1%
D. 35.7%
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If the investments are expected to earn 11.5 percent annually, how much will Stephanie have at the end of the seven years?
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