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The Minnesota Twins Baseball Club has 15 years temaining on the lease of a stadium. They are required to pay $950,000 at the beginning

The Minnesota Twins Baseball Club has 15 years temaining on the lease of a stadium. They are required to pay $950,000 at the beginning of every three months over thal time. This is refected on their balance sheet as a kabilty of $5,250,000, What is the quarterly compounded nominal rate impied in this calculation? Mutiple Choice 14307% 18095% 10 447%

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