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Got stuck on this one. You are working for a bank. Your boss asked you to compute the nominal APR with quarterly interest payments that

Got stuck on this one.

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You are working for a bank. Your boss asked you to compute the nominal APR with quarterly interest payments that is equivalent to a semiannual real rate of 4.00%. If the annual ination rate is expected to be 6%, what is the value of such nominal APR rate

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