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Use the following information to answer the next two questions: Fly - By - Night Frank's Bodacious Aggressive Growth Mutual Fund pays 1 9 .
Use the following information to answer the next two questions: FlyByNight Frank's Bodacious Aggressive Growth Mutual Fund pays percent compounded monthly.
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If the information above contains a periodic rate, calculate the annual percentage rate APR If the information above contains an annual percentage rate APR calculate the periodic rate Express your answer in percentage form and round it to decimal places. For example
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