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A bank pays interest quarterly with an EAR of 99%. What is the periodic interest rate applicable per quarterper quarter? a. 2.18% b. 1.74% c.
A bank pays interest quarterly with an EAR of 99%. What is the periodic interest rate applicable per quarterper quarter?
a. 2.18%
b. 1.74%
c. 2.62%
d. 4.36%
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