Question
Hi, I need assistance with the below question. An investment is being considered that has a nominal annual interest rate of 10.82 percent, compounded semiannually.
Hi,
I need assistance with the below question.
An investment is being considered that has a nominal annual interest rate of 10.82 percent, compounded semiannually. Therefore, the effective annual rate, or EAR (annual percentage yield) is_____.
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
8th edition
013342362X, 978-0133423624
