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Use the following information to answer the next two questions: Snakebelly Rudy's Rocketing Bond Mutual Fund pays 3.6 percent compounded quarterly. If the information above

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Use the following information to answer the next two questions: Snakebelly Rudy's Rocketing Bond Mutual Fund pays 3.6 percent compounded quarterly. If the information above contains a periodic rate, calculate the annual percentage rate (APR). If the information above contains an annual percentage APR rate (APR), calculate the periodic rate ( R). What is the effective annual rate EAR for the fund above

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