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Question 1 (PV of Annuity: 10 points) The quarterly compounded interest rate is 9%. What is the effective six-month interest rate and what is the

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Question 1 (PV of Annuity: 10 points) The quarterly compounded interest rate is 9%. What is the effective six-month interest rate and what is the present value of an annuity cash-flow stream of $500 to be received every six months for the next five years? Give answers to two decimal places and show all your workings

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