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An interest rate of 2% per quarter, compounded continuously, is closest to an effection semi annual rate of: a)2.02% per semiannual period b). 4.00% per semiannual period c). 4.08% per semiannual period d). 2.00% per semiannual period e).5.0% per semiannual period

An interest rate of 2% per quarter, compounded continuously, is closest to an effection semi annual rate of: a)2.02% per semiannual period b). 4.00% per semiannual period c). 4.08% per semiannual period d). 2.00% per semiannual period e).5.0% per semiannual period

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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An interest rate of 2% per quarter, compounded continuously, is closest to an effection semi annual rate of: a)2.02% per semiannual period b). 4.00% per semiannual period c). 4.08% per semiannual period d). 2.00% per semiannual period e).5.0% per semiannual period
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