What is the correct way to annualize an interest rate in, Financial Management

What is the correct way to annualize an interest rate in

1. What is the correct way to annualize an interest rate in financial decisions?

2. Explain in 500 to 900 words the following statement: ‘Ratio analysis can help in measuring business performance and setting objectives/ goals.’

3. Define and explain zero profit interntemporal arbitrage.

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