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1.50 4 August 2019 Bank Oman issued CD that will 1 mature on 30 October 2020. The CD is 9% interest calculate the effective rate

1.50 4 August 2019 Bank Oman issued CD that will 1 mature on 30 October 2020. The CD is 9% interest calculate the effective rate on this CD. Assume all month to be of 30 days. % a. 10.50 % b. 11.09 c. None of these % d. 12.50

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