2. Why is the EAR for 6% APR, with semiannual compounding, higher than 6%? ...

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2. Why is the EAR for 6% APR, with semiannual compounding, higher than 6%?

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Fundamentals Of Corporate Finance

ISBN: 9780134475561

4th Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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