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Bradley just received a new credit card in the mail. The rate that is quoted in the literature with the card is 12%. Bradley knows
- Bradley just received a new credit card in the mail. The rate that is quoted in the literature with the card is 12%. Bradley knows that the interest is compounded daily. What is the real rate of interest that Bradley will be paying (EAR)? ____________________
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Introductory Econometrics For Finance
Authors: Chris Brooks
2nd Edition
052169468X, 9780521694681
