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Given a compounding frequency which is greater than 1 , which of the following would hold true? Select one: a. Effective rate > Nominal rate

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Given a compounding frequency which is greater than 1 , which of the following would hold true? Select one: a. Effective rate > Nominal rate b. Effective rate c. None of these d. Nominal rate e. More information needed to determine a correct answer 1. Effective rate

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