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You are asked to value an investment opportunity. You are given a required rate of return of 14% APR compounded semiannually. However, the investment makes

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You are asked to value an investment opportunity. You are given a required rate of return of 14% APR compounded semiannually. However, the investment makes monthly payments. You need a required rate of return for monthly compounding. What is the APR compounded monthly that is equivalent to the 14% compounded semiannually? A. 13.6% B. 14.1% C. 14.5% D. 12.9% E. 16.3%

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