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An investor has the opportunity to make an investment that will provide an effective annual yield of 10.2 percent. She is considering two other investments

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An investor has the opportunity to make an investment that will provide an effective annual yield of 10.2 percent. She is considering two other investments of equal risk that will provide compound interest monthily and quarterily, respectively. Required: a. What must be the equivalent nominal annual rate (ENAR) for an investment that will provide compound interest monthly to ensure that an equivalent annual yleld of 10.2 percent is earned? b. What must be the equivalent nominal annual rate (ENAR) for an investment that will provide compound interest quarterly to ensure that an equivalent annual yield of 10.2 percent is earned? Note: For all requirements, do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places

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