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Question 2 (1 point) The nominal annual rate of interest convertible quarterly is 8%. Calculate the nominal annual rate of discount convertible monthly. a) 1.98%

Question 2 (1 point) The nominal annual rate of interest convertible quarterly is 8%. Calculate the nominal annual rate of discount convertible monthly. a) 1.98% Ob) 2.00% Oc) 7.72% O d) 7.95% O e) 7.89%

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