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A one-year guaranteed investment certificate (GIC) offered by a bank to-day will pay a fixed lumpsum amount at the year-end from today. If the nominal

A one-year guaranteed investment certificate (GIC) offered by a bank to-day will pay a fixed lumpsum amount at the year-end from today. If the nominal annual interest rate quoted for the GIC were to be compounded semiannually A) The GICs price will increase B) The GIC's price will decrease C) The GICs price will not change D) The EAR earned on the GIC will decrease

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