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Bell, Stephenson & Senior Ltd. has asked you to establish an annual nominal rate of interest compounded continuously that is equivalent to 8% per annum

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Bell, Stephenson & Senior Ltd. has asked you to establish an annual nominal rate of interest compounded continuously that is equivalent to 8% per annum effective. What is the most accurate responds to their request? (give your answer in the format XX.XXXX%)? (2 marks)

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