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A bank offers a lending rate of 10% p.a. compounded quarterly. What figure would they quote if they wished to express this rate: a. On

A bank offers a lending rate of 10% p.a. compounded quarterly. What figure would they quote if they wished to express this rate: a. On a p.a. basis compounded monthly? b. On a p.a. basis compounded continuously? c. As an effective half year rate? d. As an EAR?

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