Question
An interest rate is 10.5% when expressed with quarterly compounding . a) What is the equivalent rate with semi-annual compounding? b) What is the equivalent
An interest rate is 10.5% when expressed with quarterly compounding.
a) What is the equivalent rate with semi-annual compounding?
b) What is the equivalent rate with monthly compounding?
Answer as a percent with three decimal place accuracy.
Answer: Approx. 10.64 and 10.40
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Multinational Finance Evaluating Opportunities Costs and Risks of Operations
Authors: Kirt C. Butler
5th edition
1118270126, 978-1118285169, 1118285166, 978-1-119-2034, 978-1118270127
