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Your local bank is offering a one year GIC that pays 7.5% compounded quarterly. What would be the minimum nominal rate you would accept for

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Your local bank is offering a one year GIC that pays 7.5% compounded quarterly. What would be the minimum nominal rate you would accept for a GIC of the same maturity that is compounded semi-annually? Round to 2 places after the decimal do not include % NOM clY of EFF NOM c/Y EFF The minimal nominal rate I would accept is

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