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HSBC bank pays its clients an interest rate of 4%. Compounded monthly while KFH bank is offering 4% compounded quarterly Which of the following are

HSBC bank pays its clients an interest rate of 4%. Compounded monthly while KFH bank is offering 4% compounded quarterly Which of the following are correct.

Select one:

a. Both banks are paying a different nominal rate

b. KFH is paying more EAR than HSBC

c. HSBC is paying More EAR than KFH bank

d. Both banks are paying the same EAR

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