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Question 1 (a) Suppose the nominal rate of interest convertible semi-annually is 4% pa. Calculate the following corresponding rates: (i) the effective interest rate; (i)

Question 1 (a) Suppose the nominal rate of interest convertible semi-annually is 4% pa. Calculate the following corresponding rates: (i) the effective interest rate; (i) the effective rate of discount; (iii) Discount factor (iv) the continuous interest rate; and (v) the nominal rate of discount convertible monthly [2 marks] [2 marks] [2 marks) [2 marks] [2 marks]

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