Question
You are considering an investment that has a nominal annual interest rate of 12.16 percent, compounded semiannually. Therefore, the effective annual rate, or EAR (annual
You are considering an investment that has a nominal annual interest rate of 12.16 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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Quantum Economics And Finance
Authors: David Orrell
3rd Edition
1916081630, 978-1916081635
