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URGENT What is the effective annual rate of a nominal rate of 25.70% compounded each two-month period? a.3.94464% b.28.61435% c.35.33613% d.2.94465%

URGENT

What is the effective annual rate of a nominal rate of 25.70% compounded each two-month period?

a.3.94464%

b.28.61435%

c.35.33613%

d.2.94465%

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