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Find the APY Corresponding to the Given Nominal Rates $5 \%$

Question 183

Multiple Choice

Find the APY corresponding to the given nominal rates.
- $5 \%$ compounded semiannually

A) $5.00 \%$
B) $5.12 \%$
C) $5.09 \%$
D) $5.06 \%$

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