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Sajid invested $20 000 in strip bonds earning him $2536.50 in one year. What is the nominal annual rate of interest compounded monthly? Select one:

Sajid invested $20 000 in strip bonds earning him $2536.50 in one year. What is the nominal annual rate of interest compounded monthly? Select one: A. 1% O B. 12.68% O C. 12% D. 4.19% O E. 2.05%

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