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You are considering an investing with a quoted return of 10% per year. If interest is compounded daily, what is the effective annual return on

You are considering an investing with a quoted return of 10% per year. If interest is compounded daily, what is the effective annual return on this investment?

A.

1.11%

B.

10.00%

C.

10.25%

D.

10.47%

E.

10.52%

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