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A bank pays interest monthly with an EAR of 8%. What is the periodic interest rate applicable per month? O A. 0.64% OB. 1.28% OC.

A bank pays interest monthly with an EAR of 8%. What is the periodic interest rate applicable per month? O A. 0.64% OB. 1.28% OC. 0.51% OD. 0.77%

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