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11.Convert the following quoted rates to interest rates per period. Interest rate per period is a combination of the rate and the compounding frequency. 1)

image text in transcribed 11.Convert the following quoted rates to interest rates per period. Interest rate per period is a combination of the rate and the compounding frequency. 1) 5% per year compounded semi-annually Answer: 2) 6% per year compounded quarterly Answer: 3) 11% per year compounded annually Answer: 4) 3% per year compounded monthly

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