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If the nominal annual interest rate is 9.5% compounded each 3 month, what is the effective semiannually interest rate? O a. 4.30% O b. 2.14%

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If the nominal annual interest rate is 9.5% compounded each 3 month, what is the effective semiannually interest rate? O a. 4.30% O b. 2.14% O c. 4.81% O d. 2.10% O e. 3.28%

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