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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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