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(1 point) (Exercise 2.25) Many banks quote two rates of interest on certificates of deposit (CDs). If a bank quotes 6.5% compounded quarterly, find the

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(1 point) (Exercise 2.25) Many banks quote two rates of interest on certificates of deposit (CDs). If a bank quotes 6.5% compounded quarterly, find the ratio of the APY (annual percentage yield) to the quoted rate for this CD. ANSWER = $

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