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Question 1 (12 marks) Theo is considering selling all of her holding of stocks (worth $500,000) and putting the money into a bank account. After
Question 1 (12 marks) Theo is considering selling all of her holding of stocks (worth $500,000) and putting the money into a bank account. After checking out three banks, she obtained the following information: 1) Bank A a/c: 12% (APR) with semi-annual compounding ii) Bank B alc: 12% (APR) with quarterly compounding 111) Bank C a/c: 11% (APR) with monthly compounding Based on the quarterly return of the accounts, which one would Theo prefers the most and which one the least? Answer with 2 decimal places in percentage
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