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17 D Question 17 1 pts What is the effective annual rate (EAR) for a nominal rate (quarterly compounding) of 12.34 %? SET YOUR CALCULATOR

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D Question 17 1 pts What is the effective annual rate (EAR) for a nominal rate (quarterly compounding) of 12.34 %? SET YOUR CALCULATOR TO 4 DECIMAL PLACES THEN INPUT THE NUMBER AS PERCENTAGE ROUNDING TO 2 DECIMALS. DO NOT ENTER THE % SYMBOL.I.e. if your answer is 7.7711%, enter it as 7.77

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