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There are four investments with comparable risk. Investment APR Compounding EAY 1 10.4% quarterly 2 10.7% annual 3 10.5% semiannual 4 10.1% monthly a) What

There are four investments with comparable risk.

Investment APR Compounding EAY

1 10.4% quarterly

2 10.7% annual

3 10.5% semiannual

4 10.1% monthly

a) What is the EAY of the most attractive investment? (Answer format: 14.20, in percent, but include no % symbol, round to 2 digits.)

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