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A credit card quotes you an interest rate of 30.8% APR compounded weekly. You know better than to trust the rate, what is the appropriate
A credit card quotes you an interest rate of 30.8% APR compounded weekly. You know better than to trust the rate, what is the appropriate EAR? Round your answer to the nearest basis point. (Since the numbers can get small, do not round your answer till the end)
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