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Which of the following investments has the lowest effective annual return (EAR)? (Assume that all CDs are of equal risk.) A) a bank CD that

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Which of the following investments has the lowest effective annual return (EAR)? (Assume that all CDs are of equal risk.) A) a bank CD that pays 7.00 percent interest compounded daily B) a bank CD that pays 7.10 percent compounded monthly C) a bank CD that pays 7.30 percent annually D) a bank CD that pays 7.25 percent compounded semiannually

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