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A bank pays interest semiannually with an EAR of 13%. What is the periodic interest rate applicable semiannually? A. 7.56% B. 5.04% C. 6.30% D.

A bank pays interest semiannually with an EAR of 13%. What is the periodic interest rate applicable semiannually?

A. 7.56%

B. 5.04%

C. 6.30%

D. 12.60%

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