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What is the effective rate of a 5-year, 10% quarterly paying instrument? A. 7.17 B. 8.84 C. 9.18 D. 10.38

What is the effective rate of a 5-year, 10% quarterly paying instrument?

	A.	7.17
	B.	8.84
	C.	9.18
	D.	10.38

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