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What is the nominal annual rate (APR) if a bank charges you a 8 percent actual rate (EAR=6%) compounded weekly (52 weeks a year)? (hint:
What is the nominal annual rate (APR) if a bank charges you a 8 percent actual rate (EAR=6%) compounded weekly (52 weeks a year)? (hint: use nominal function in excel) 5,81% 5.82% 58396 0 58496
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Inside And Outside Liquidity
Authors: Bengt Holmstroem, Jean Tirole
1st Edition
0262518538, 9780262518536
