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The nominal rate quoted in the market is 8% per annum, and interest is paid every month. What is the effective annual rate (EAR)?
The nominal rate quoted in the market is 8% per annum, and interest is paid every month. What is the effective annual rate (EAR)?
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The Handbook Of Mortgage Backed Securities
Authors: Frank Fabozzi
6th Edition
0071460748, 978-0071460743
