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You are considering an investment that has a nominal annual interest rate of 9.61 percent, compounded semiannually. Therefore, the effective annual rate, or EAR
You are considering an investment that has a nominal annual interest rate of 9.61 percent, compounded semiannually. Therefore, the effective annual rate, or EAR (annual percentage yield) is Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)
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EAR1APRmm1 where ...
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
