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3. (15 points) The quoted interest rate of following annual cash flow stream is 9% and it is compounded semiannually. Note: To receive full credit,

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3. (15 points) The quoted interest rate of following annual cash flow stream is 9% and it is compounded semiannually. Note: To receive full credit, show numbers / formulas you used to get your answer(s). 6months periods 0 1 2 3 4 CFs: $30 $30 a.(5 points)What is the effective rate? b.(5 points)What is the value at the end of Year 2? c.(5 points)What is the present value

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