JU M I TMs Tost 75 pts possIO the nominal interest rate is 2% per quarter and interest is compounded once per quarter, what are the effective quarterly and annual interest rates? Choose the best answer O A. Exactly 2%; exactly 8%. OB. Any of these are possible. O C. Strictly greater than 2%; strictly greater than 8%, O D . Strictly greater than 2%; exactly 8%. O E. Exactly 2%; strictly greater than 8% Click to select your answer. Otv Book Air