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A bank pays interest semiannually with an EAR of 15%. What is the periodic interest rate applicable semiannually? A. 5.79% B. 7.24% C. 8.69% D.

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A bank pays interest semiannually with an EAR of 15%. What is the periodic interest rate applicable semiannually? A. 5.79% B. 7.24% C. 8.69% D. 14.48% A bank pays interest semiannually with an EAR of 15%. What is the periodic interest rate applicable semiannually? A. 5.79% B. 7.24% C. 8.69% D. 14.48%

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