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Suppose you are looking at 2 nearly identical investments. One pays 11% which is compounded daily. The other pays 11.2% compounded semi-annually. What is the effective rate on the 11% investment? Is it a higher return than that on the 11.2% investment? a) 11.78%, Yes b) 11.49%,No c) 11.51%,No d) 11.63%, Yes