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he APR for an investment with a biennial payment (every other year) is 12.50%. What should be the EAR? Hint: the frequency of payment is
he APR for an investment with a biennial payment (every other year) is 12.50%. What should be the EAR? Hint: the frequency of payment is less than 1.
options:
11.00%.
11.50%.
12.89%.
11.80%.
0%.
12.50%.
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Financial Management Theory And Practice
Authors: Prasanna Chandra
11th Edition
9355322208, 978-9355322203
