EBK CFIN
6th Edition
ISBN: 9781337671743
Author: BESLEY
Publisher: CENGAGE LEARNING - CONSIGNMENT
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If the annual percentage rate (APR) of an investment is 10% compounded weekly, what is the effective annual rate (EAR)? Assume 52 weeks in a year.
Multiple choice question.
13.45%
12.23%
11.25%
10.51%
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