Question
You are considering an investment that has a nominal annual interest rate of 6.47 percent, compounded semiannually. Therefore, the effective annual rate, or EAR (annual
You are considering an investment that has a nominal annual interest rate of 6.47 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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Financial Management Principles And Applications
Authors: J William Petty, Sheridan Titman, Arthur J Keown, John D Martin, Peter Martin, Michael Burrow, Hoa Nguyen
6th Edition
1442539178, 9781442539174
