F5 Jun 2012 Q5(a)

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    Hi, juz confuse why the net profit must times 12?
    the stmt only show for Jul and didnt mention this net profit figure is constant for the whole year…
    or I missed out something from the text?

    Avatar of johnmoffat
    John Moffat
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    The question asks for the ‘annualised’ ROI.

    It does not mean that the net profit will be constant, but it means that instead of expressing it as a monthly percentage, turn it into a yearly (annual) percentage.

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