Suppose that a mutual fund has a five-year nominal rate of return of 50 percent. If this
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Suppose that a mutual fund has a five-year nominal rate of return of 50 percent. If this five-year rate was constructed from semiannual effective rates, what would be the equivalent EAR?
a. 9.10%
b. 10.25%
c. 50.00%
d. 61.05%
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