You earn a rate of return of 816 on an investment over a, Financial Management

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You earn a rate of return of 816 on an investment over a

1. What is the Modigliani and Miller approach?

2. You earn a rate of return of 8.16% on an investment over a four-month holding period. What is your effective annual rate of return? Do not round at intermediate steps in your calculation. Express your answer in percent. Round to two decimal places. Do not type the % symbol. If the return is negative, then include a minus sign.

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Financial Management: You earn a rate of return of 816 on an investment over a

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