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You have calculated the IRR per month on an investment is 0.64% (0.0064). What is the effective annual rate of return? a. 2.58% b. 1.28%

You have calculated the IRR per month on an investment is 0.64% (0.0064). What is the effective annual rate of return?

a. 2.58%

b. 1.28%

c. 926.3%

d. 7.96%

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