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If the APR is 6% and interest compounds semi-annually, what is the value of the interest rate per compounding period? Select one: a.3.00% b.6.00% c.6.09%

If the APR is 6% and interest compounds semi-annually, what is the value of the interest rate per compounding period?

Select one:

a.3.00%

b.6.00%

c.6.09%

d.1.50%

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