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You have been offered an investment opportunity that will give you a rate of return of 2.00% per year, compounded quarterly, for the first quarter

You have been offered an investment opportunity that will give you a rate of return of 2.00% per year, compounded quarterly, for the first quarter only. After that, the rate of return changes to 17.00% per year, compounded quarterly. What is the EAR of this investment for the first whole year?

10.06%

13.87%

9.90%

9.50%

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