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A bank pays interest semiannually with an EAR of 12%. What is the periodic interest rate applicable semiannually? O A. 11.66% OB. 7% OC. 4.66%

A bank pays interest semiannually with an EAR of 12%. What is the periodic interest rate applicable semiannually? O A. 11.66% OB. 7% OC. 4.66% D. 5.83% W

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