If 14% pa is an annual percentage rate (APR) compounding semi-annually, which of the following is NOT correct? All percentages are given to 5 decimal
If 14% pa is an annual percentage rate (APR) compounding semi-annually, which of the following is NOT correct? All percentages are given to 5 decimal places.
a.
Effective quarterly rate is 3.44080% per quarter.
b.
Continuously compounded semi-annual rate is 6.76586% per half-year.
c.
Effective semi-annual rate is 7.00000% per half-year.
d.
The annual percentage rate (APR) compounding every quarter is 14.79902%.
e.
Continuously compounded annual rate is 13.53173% per year.
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Authors: Frank Fabozzi, Steven Mann
8th Edition
0071768467, 978-0071768467
