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APR is 9 percent and compounded semi-annually, what is the effective annual rate? 9.2096 4.5096 18.8196 9.3196 None of the listed items is correct

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APR is 9 percent and compounded semi-annually, what is the effective annual rate? 9.2096 4.5096 18.8196 9.3196 None of the listed items is correct

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