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A bank offers you a 3-year CD based on daily compounding. If the APR is 6.5 percent, then the CD's effective annual rate (EAR) should

A bank offers you a 3-year CD based on daily compounding. If the APR is 6.5 percent, then the CD's effective annual rate (EAR) should be (Round to four decimal places; for example, 0.0645.)

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