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Find the EAR in each of the following cases (Use 365 days a year. Do not round intermediate calculations. Enter your answers as a percent
Find the EAR in each of the following cases (Use 365 days a year. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.):
| Stated Rate (APR) | Number of times compounded annually | Effective Rate (EAR) |
| 9.9% | Quarterly | ___% |
| 18.9 | Monthly | ___ |
| 14.9 | Daily | ___ |
| 11.9 | Infinite | ___ |
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Options Futures And Other Derivatives
Authors: John C. Hull
9th Edition
0133456315, 9780133456318
