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APY or EAR: 4-Points: To the nearest basis point, calculate the yield of 18% on a semi-annual, quarterly, monthly, and daily basis utilizing equation 4.14

APY or EAR: 4-Points: To the nearest basis point, calculate the yield of 18% on a semi-annual, quarterly, monthly, and daily basis utilizing equation 4.14 on page 167. Show all calculations in MS Excel to the fourth decimal place.

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