1. Suppose you are given an APR of 5.3% that compounds semiannually, what is the EAR?

A. 5.3%

B. 5.37%

C. 5.41%

D. 5.27%

2. An Effective Annual Rate (EAR) _____________.

A. is an interest rate expressed as if it were compounded four times a year.

B. is used to compare investments with different compounding

C. is the same as an Annual Percentage Rate (APR)

D. All the above

Please answer both if you can. Thank you for your help!!