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Suppose the Periodic Rate for 6 Months Is 4

Question 16

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Suppose the periodic rate for 6 months is 4%. Is the equivalent periodic rate for three months (pick one):
(i) equal to Suppose the periodic rate for 6 months is 4%. Is the equivalent periodic rate for three months (pick one): (i) equal to ? (ii) less than 2%? (iii) greater than 2%? Answer the question without doing any calculations. Explain your choice. ?
(ii) less than 2%?
(iii) greater than 2%?
Answer the question without doing any calculations. Explain your choice.

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