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The effective annual yield, also known as the rate of return, of an investment may be different from the nominal interest rate because of: choose
The effective annual yield, also known as the rate of return, of an investment may be different from the nominal interest rate because of:
choose correct answer :
a) the different methods of quoting interest rates
b) one is a yearly rate and the other is an annual rate.
c) the effective annual rate id for periods longer than a year
d) The effect of compounding and the number of compounding periods in a year
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