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To be equivalent to 11.8% compounded quarterly, what must be the nominal rate with: (Do not round intermediate calculations and round your final answers to

To be equivalent to 11.8% 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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