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The risk-free interest rate is 5% p.a. continuously compounded. What is the 3-month effective interest rate? Leave your answer in decimals with 3 significant figures.

The risk-free interest rate is 5% p.a. continuously compounded. What is the 3-month effective interest rate? Leave your answer in decimals with 3 significant figures. (E.g. 6.12% as 0.0612).

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