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Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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
Transcribed Image Text:The interest rate is 10% . Find the effective rate of interest if it is paid four times a year.
46.41%
45.41%
47.41%
48.41%
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