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If the nominal annual rate of interest convertible monthly is 2% find the corresponding equivalent nominal annual rate of discount convertible semiannually. A. 0.07766 B.

If the nominal annual rate of interest convertible monthly is 2% find the corresponding equivalent nominal annual rate of discount convertible semiannually.

A.

0.07766

B.

The answer does not appear here

C.

0.01988

D.

0.02867

E.

0.22406

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