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Help!!!! Answer Question 9 (10 points) Think of that last problem you just did. In that problem you had a quarterly compounding bond. Assume it
Help!!!!
Answer Question 9 (10 points) Think of that last problem you just did. In that problem you had a quarterly compounding bond. Assume it was a bond which paid quarterly interest and had a nominal yield of 6.50% (nominal annual with quarterly compounding). What effective annual rate does that convert to? Answer in percent to three decimal places. YourStep by Step Solution
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