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An investment pays you 9% interest compounded semiannually. A second investment of equal risk, pays interest compounded quarterly. What nominal rate of interest would you

An investment pays you 9% interest compounded semiannually. A second investment of equal risk, pays interest compounded quarterly. What nominal rate of interest would you have to receive on the second investment in order to make you indifferent between the two investments?

A. 8.71%

B. 9.00%

C. 9.20%

D. 8.90%

E. 9.31%

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