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An investor paid $ 5 8 , 0 0 0 for an investment. He will get $ 5 , 7 8 0 for every two

An investor paid $58,000 for an investment. He will get $5,780 for every two years
(forever). What is his effective annual rate of return?
a)4.98%
b)9.97%
c)4.86%
d)0.00%
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