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A bank owns an asset (Asset A) that increased in value from $3,000,000 to $4,601,000 over 8 years. The bank also invested in Asset B: $3,000,000 at 5.3% p.a. compounded daily.
Which asset performed better over the 8-year period?
Select one:
a. Asset A provided a higher return by about 5 basis points.b. Asset B provided a higher return by about 3 basis pointsc. Asset B performed better by about $17,000d. Asset A performed better by about $25,000
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