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95 What is the effective annual rate, TEAR, on an investment that has an opportunity cost rate equal to 9 percent, compounded monthly? O TEAR

95 What is the effective annual rate, TEAR, on an investment that has an opportunity cost rate equal to 9 percent, compounded monthly? O TEAR > 9.50% O TEAR = 0.75% O TEAR = 9.00% O TEAR = 9.38% O 0.75%

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