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You are considering two separate investments. One has annual cash flows and yields 12% return on your investment. What would be the equivalent annual yield

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You are considering two separate investments. One has annual cash flows and yields 12% return on your investment. What would be the equivalent annual yield (EAY) of a monthly investment that would accumulate the same amount of cash as the 12% annual yielding investment? O 11.39% O 11.42% O 11.50% O 11.28%

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