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Given a nominal annual interest rate of 7.5% convertible every five days, determine the sum of the equivalent: (i) force of interest; and (ii)

Given a nominal annual interest rate of 7.5% convertible every five days, determine the sum of the equivalent: (i) force of interest; and (ii) nominal annual discount rate compounded quarterly. Note: There are 365 days in a year. Give your answer as a decimal rounded to four places.

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