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Given an Effective Annual Rate (EAR) of 12%, the equivalent interest rate for a quarter is 3.85% 9.49% 1.91% none of these are correct 2.87%

Given an Effective Annual Rate (EAR) of 12%, the equivalent interest rate for a quarter is

		3.85%
		9.49%
		1.91%
		none of these are correct
		2.87%

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