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456 Question 6 1 pts The stated interest rate that a bank charges on its home loans is 8.00% and the effective annual interest rate

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Question 6 1 pts The stated interest rate that a bank charges on its home loans is 8.00% and the effective annual interest rate has been computed as 8.16%. Based on this information, interest is most likely being compounded on a: Monthly basis. Semi-annual basis. Quarterly basis. Daily basis. Previous Next Question 5 1 pts Ninety days ago, you purchased a 180-day Treasury bill with a face value of $100,000. At that time, the yield to maturity on the bill was 5.0% p.a. The current yield to maturity on the bill is 6.0% p.a. The price of the bill today is closest to: $97,126. $98,782. $98,542 $97,594

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