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Find the EAR for the stated rate (APR) of 12.4 percent compounded quarterly. ( Enter your answer as a percentage, omit the % sign in

Find the EAR for the stated rate (APR) of 12.4 percent compounded quarterly. (Enter your answer as a percentage, omit the "%" sign in your response, and round your answer to 2 decimal places. For example, 0.12345 or 12.345% should be entered as 12.35.)

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