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A.10 Calculate the nominal annual rate of discount convertible quarterly that is equivalent to a nominal annual rate of interest of 14% convertible monthly. (a)

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A.10 Calculate the nominal annual rate of discount convertible quarterly that is equivalent to a nominal annual rate of interest of 14% convertible monthly. (a) 12.9% (b) 13.0% (c) 13.7% (d) 13.8% (e) 18.1%

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