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You are considering an investment that has a nominal annual interest rate of 9.81 percent, compounded semiannually. Therefore, the effective annual rate, or EAR (annual
You are considering an investment that has a nominal annual interest rate of 9.81 percent, compounded semiannually. Therefore, the effective annual rate, or EAR (annual percentage yield) is_____.
Round the answer to two decimal places in percentage form
I got a negative answer which i Know can not be right. So I am not sure if when I entered the information in excel incorrectly or if I used the wrong function
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