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What is an effective annual rate? Select one: a. It is a rate which is per annum rate compounded annually b. None of the above

What is an effective annual rate?

Select one:

a. It is a rate which is per annum rate compounded annually

b. None of the above

c. It is a rate which is per annum rate continuously compounded

d. It is a rate which is per annum rate compounded semi-annually

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