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Find the equivalent nominal discount rate compounded semiannually, d 2 to i 12 = 15%. I know (1-d 2 /2) 2 = (1+0.15/12) 12. The
Find the equivalent nominal discount rate compounded semiannually, d2 to i12 = 15%.
I know (1-d2/2)2 = (1+0.15/12)12. The answer is d2 = 0.14365. Please shows work on how you get from the setup to the final answer.
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