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Question 3 ( 1 0 points ) Listen An interest rate is 1 1 . 0 0 % per annum with continuous compounding. What is

Question

3 (10

points

)

Listen

An interest rate is

11.00 %

per annum with continuous compounding. What is the equivalent rate with semiannual compounding?

(

Answer in percent with two decimals. e

.

g: example

6.25)

Your Answer:

Answer

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