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Please only answer this question if you are sure it's correct. Thanks so much in advance! Assume the interest rate with compounding twice per year
Please only answer this question if you are sure it's correct. Thanks so much in advance!
Assume the interest rate with compounding twice per year with daycount convention 30/360 is 5.20% for 3 years.
a. Find the equivalent rate ra for interest compounded annually for 3 years with daycount convention act/365. Assume the first and third years have 365 days but the second year is a leap year with 366 days.
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