Question
The APR for an investment with a biennial payment (every other year) is 12.50%. What should be the EAR? Hint: the frequency of payment is
The APR for an investment with a biennial payment (every other year) is 12.50%. What should be the EAR? Hint: the frequency of payment is less than 1.
options:
11.50%
12.89%.
11.00%.
11.80%.
0%.
12.50%.
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Equity Valuation And Portfolio Management
Authors: Frank J. Fabozzi, Harry M. Markowitz
1st Edition
047092991X, 9780470929919
