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What Is the Annual Percentage Yield (Or Effective Annual Rate)

Question 104

Multiple Choice

What is the annual percentage yield (or effective annual rate) for a nominal rate of 7.5% compounded quarterly? Round your answer to two decimal places. ​


A) 10.38%
B) 6.14%
C) 8.01%
D) 7.71%
E) 9.11%

Correct Answer:

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