Now that you know how to convert a quoted rate to an EAR, consider going the other
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Now that you know how to convert a quoted rate to an EAR, consider going the other way. As a lender, you know you want to actually earn 18 per cent on a particular loan. You want to quote a rate that features monthly compounding. What rate do you quote?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781743768051
8th Edition
Authors: Stephen A. Ross, Rowan Trayler, Charles Koh, Gerhard Hambusch, Kristoffer Glover, Randolph W. Westerfield, Bradford D. Jordan
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