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A bank offers a rate of 5.3% compounded semiannually on its four-year GICs. What monthly and annually compounded rates should it quote in order to

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A bank offers a rate of 5.3% compounded semiannually on its four-year GICs. What monthly and annually compounded rates should it quote in order to have the same effective interest rate at all three nominal rates? (Do not round intermediate calculations and round your final answers to 2 decimal places.) Annually compounded rate % Monthly compounded rate %

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