Assume the inflation rate is 3.03 % APR, compounded annually. Would you rather earn a nominal return of 5.15 % APR, compounded semiannually, or a real return of 2.66 % APR, compounded quarterly?(Note: Be careful not to round any intermediate steps less than six decimal places.)

To put these on the same basis, you must convert them both to nominal EARs The EAR for 5.15 % APR, compounded semiannually is ____. (Type your answer in decimal format. Round to six decimal places.) The nominal EAR for a real 2.95% APR compounded quarterly is ____? (Round to 6 decimal places)

C. Which would you rather earn?