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6. A stated rate (APR) is quoted as 10%, but has an effective annual rate (EAR) of 10.47%. What is the frequency of compounding during

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6. A stated rate (APR) is quoted as 10%, but has an effective annual rate (EAR) of 10.47%. What is the frequency of compounding during the year? a. Annually b. Semiannually c. Quarterly d. Monthly e. Daily

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