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Which of the following statements about the interest rate conversion formula period rate = annual nominal rate / m is NOT true? Group of answer

Which of the following statements about the interest rate conversion formula period rate = annual nominal rate / m is NOT true?

Group of answer choices

m = 1 for annual compounding

m = 3 for semiannual compounding

m = 4 for quarterly compounding

m = 12 for monthly compounding

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