Question
You invest $12,000 now and get $14,000 back in 7 years. (A) What nominal interest rate convertible every four months did you earn? (B) What
You invest $12,000 now and get $14,000 back in 7 years. (A) What nominal interest rate convertible every four months did you earn? (B) What nominal discount rate compounded semi-annually did you earn? (C) What annual effective rate of discount did you earn?
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Introduction To Derivatives And Risk Management
Authors: Robert Brooks, Don M Chance
9th Edition
1133190197, 978-1133190196
