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An interest rate is 5% per annum with continuous compounding. What is the equivalent rate with semiannual compounding? A. 5.06% B. 5.03% C. 4.97% D.
An interest rate is 5% per annum with continuous compounding. What is the equivalent rate with semiannual compounding?
A. 5.06% B. 5.03% C. 4.97% D. 4.94%
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