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Solve the effective annual yield formula Y=(1+r/n)^n1 for r to obtain a general formula for nominal rate in terms of yield and the number of
Solve the effective annual yield formula
Y=(1+r/n)^n1
for r to obtain a general formula for nominal rate in terms of yield and the number of compounding periods per year.
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
5th Edition
0078034663, 978-0078034664
