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To be equivalent to 10.1% compounded quarterly, what must be the nominal rate with: (Do not round intermediate calculations and round your final answers to
To be equivalent to 10.1% compounded quarterly, what must be the nominal rate with: (Do not round intermediate calculations and round your final answers to 2 decimal places.)
a. Annual compounding? %
b. Semiannual compounding? %
c. Monthly compounding? %
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