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Calculate the nominal annual rate of discount convertible quarterly that is equivalent to a nominal annual rate of interest of 14% convertible monthly. (a) 12.9%

Calculate the nominal annual rate of discount convertible quarterly that is equivalent to a nominal annual rate of interest of 14% convertible monthly.

(a) 12.9%

(b) 13.0%

(d) 13.8%

(e) 18.1%

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