The highest effective rate of return you could earn on any of these investments is closest to ________

Consider the following investment alternatives:

Investment APR Compounding
A 6.0860% Annual
B 5.9320% Daily
C 5.9997% Quarterly
D 5.9936% Monthly

A) 6.0860%
B) 6.1110%
C) 6.1610%
D) 6.1360%

Answer: C

Business

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Making a decision under risk using the expected value criterion is the equivalent of using the Laplace decision rule under uncertainty

Indicate whether the statement is true or false

Business

Tommy Hilfiger has encountered some European resistance to the sale of its products because ________

A) many European consumers associate France and Italy, rather than the U.S., with upscale fashions B) its customary prices, especially for the German market, have been out of reach for its target market C) it has refused to adjust products to fit the tastes and needs of local consumers D) it has depended on self-service in its company-owned stores

Business