单选题

A major brokerage house is currently selling an investment product that offers an 8 percent rate of return, compounded monthly. Based on this information, it follows that this investment has（）。

A、 a stated rate of 0.830%.
B、 an effective annual rate of 8.00%.
C、 a periodic interest rate of 0.667%.

【正确答案】 C

【答案解析】

Periodic rate=8.0/12=0.667. Stated rate is 8.0% and effective rate is 8.30%.