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Confused by this one. Any help is appreciated. Thx! A leading bank offers an investment that pays 8 percent interest, compounded semiannually. What is the

Confused by this one. Any help is appreciated. Thx!

A leading bank offers an investment that pays 8 percent interest, compounded semiannually. What is the investment's effective annual rate (r_EAR)?

8.16%

8.36%

8.56%

8.76%

8.96%

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