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Suppose you need to borrow $10,000. You can either borrow from bank A for an interest rate of 3.25%, with daily compounding or from bank

Suppose you need to borrow $10,000. You can either borrow from bank A for an interest rate of 3.25%, with daily compounding or from bank B for an interest rate of 3.3% with semiannual compounding. CALCULATE EAR for bank a and bank b

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