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Assuming the nominal interest rate (APR) of 6%, what is the effective annual rate (EAR) when the interest rate compounds semiannually? O 6.00% O 6.06%

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Assuming the nominal interest rate (APR) of 6%, what is the effective annual rate (EAR) when the interest rate compounds semiannually? O 6.00% O 6.06% O 6.12% O 6.09%

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