Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Find the nominal annual rate of interest compounded semi-annually that is equivalent to 5.5% compounded quarterly. The nominal annually compounded rate of interest is %. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)
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Transcribed Image Text:Find the nominal annual rate of interest compounded semi-annually that is equivalent to 5.5% compounded quarterly. The nominal annually compounded rate of interest is %. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)
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