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When a banker quotes an interest rate of 8% compounded semiannually, he is quoting the Choose correct answe r a)both nominal rate and annual percentage

When a banker quotes an interest rate of 8% compounded semiannually, he is quoting the

Choose correct answer

a)both nominal rate and annual percentage rate (APR)

b) Effective annual rate (EAR)

c) annual percentage rate APR

d) nominal rate

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