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2 3 Question 19 (4 points) You are offered an investment with a quoted annual interest rate of 11% with semi- annual compounding of interest.

2 3 Question 19 (4 points) You are offered an investment with a quoted annual interest rate of 11% with semi- annual compounding of interest. What is your effective annual interest rate? 5 6 11.68% 8 9 11.18% 10.71% 11 12 11.30% 11.00% 14 15

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