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For an account that compounds interest more often than once per year, the annual percentage yield will be A Option A: equal to the stated
For an account that compounds interest more often than once per year, the annual percentage yield will be
A
Option A:
equal to the stated nominal yield.
B
Option B:
greater than the stated nominal yield.
C
Option C:
less than the stated nominal yield.
D
Option D:
either greater than or less than the stated nominal yield, depending on the current interest rate environment.
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