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MOCKEXAMMCQ13 The Minnesota Twins Baseball Club has 1.5 years remaining on the lease of a stadium. They are required to pay $950,000 at the beginning

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MOCKEXAMMCQ13 The Minnesota Twins Baseball Club has 1.5 years remaining on the lease of a stadium. They are required to pay $950,000 at the beginning of every three months over that time. This is reflected on their balance sheet as a liability of $5,250,000. What is the quarterly compounded nominal rate implied in this calculation? a. 13.648% b. 18.095% c. 11.553% d. 10.447% e. 14.363%

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