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1. Interest Rates (6 points total, 3 points each) For each of the following examples, compute the equivalent annual interest rate expressed using continuous compounding.

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1. Interest Rates (6 points total, 3 points each) For each of the following examples, compute the equivalent annual interest rate expressed using continuous compounding. (a) 3.2% annual interest rate, compounded semiannually (twice per year). (b) The interest rate on a 1.5 year zero-coupon bond with face value $100 that has price $97.30

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