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

Question 21

Multiple Choice

What is the annual percentage yield (or effective annual rate) for a nominal rate of 12% compounded continuously? Round your answer to two decimal places. ​


A) 16.18%
B) 12.75%
C) 11.53%
D) 14.26%
E) 18.70%

Correct Answer:

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