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6. For a given interest rate of 8% compounded quarterly, what is the equivalent nominal rate of interest with monthly compounding? A. 6.95% B. 6.25%

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6. For a given interest rate of 8% compounded quarterly, what is the equivalent nominal rate of interest with monthly compounding? A. 6.95% B. 6.25% C. 7.35% D. 7.95%

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