5.12 The quarterly rate is 8/4 = 2%. The effective annual rate is (1.02)4-1 = .0824, or...
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5.12 The quarterly rate is 8/4 = 2%. The effective annual rate is (1.02)4-1 = .0824, or 8.24%.
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9780073382302
6th Edition
Authors: Richard A Brealey, Stewart C Myers, Alan J Marcus
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