Question
Pepper earns interest at a nominal rate of 6.75% compounded semi-annually. A 0.1% expense is charged semi-annually to the account immediately after the interest is
Pepper earns interest at a nominal rate of 6.75% compounded semi-annually. A 0.1% expense is charged semi-annually to the account immediately after the interest is earned. What annual effective yield is Pepper receiving?
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Introduction To Mathematical Finance Discrete Time Models
Authors: Stanley R. Pliska
1st Edition
1557869456, 9781557869456
