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3E (Perpetuity, EAR, RRR) Orlean Outmezguine: Attempt 1 Next Page Page 3 of 5 Question 3 (1 point) You are considering an investment that has

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3E (Perpetuity, EAR, RRR) Orlean Outmezguine: Attempt 1 Next Page Page 3 of 5 Question 3 (1 point) You are considering an investment that has a nominal annual interest rate of 9.04 percent, compounded semiannually. Therefore, the effective annual rate, or EAR (annual percentage yield) is Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box) Your Answer: Answer units Next Page Page 3 of 5

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