Question
You are considering an investment that has a nominal annual interest rate of 12.78 percent, compounded semiannually. Therefore, the effective annual rate, or EAR (annual
You are considering an investment that has a nominal annual interest rate of 12.78 percent, compounded semiannually. Therefore, the effective annual rate, or EAR (annual percentage yield) is _____.
Round the answer to two decimal places in percentage form.
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Stylianos Perrakis, Peter
8th Canadian Edition
007133887X, 978-0071338875
