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When using 16% Actual/Actual day count convention, the interest earned between March 1 and April 1 with semiannual payments on March 1 and Sept 1
When using 16% Actual/Actual day count convention, the interest earned between March 1 and April 1 with semiannual payments on March 1 and Sept 1 is: a. 8% of principal b. 2% of principal c. 16% of principal d. 4% of principal
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