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Would you rather have a savings account that pays 5% interest compounded semiannually or one that pays 5% interest compounded daily? Explain. Briefly explain (1)

Would you rather have a savings account that pays 5% interest compounded semiannually or one that pays 5% interest compounded daily? Explain.
Briefly explain (1) Market risk; (2) diversifiable risk; and (3) relevant risk

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