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A bank pays interest quarterly with an effective annual rate (EAR) of 10%. The periodic rate per quarter is closest to: 2.40% 2.50% 2.60%

A bank pays interest quarterly with an effective annual rate (EAR) of 10%. The periodic rate per quarter is closest to:

2.40%

2.50%

2.60%

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International Finance Discussion Papers Predictable Uncertainty In Economic Forecasting

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