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    Fundamentals of Corporate Finance Study Set 14
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    Exam 5: Interest Rates
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    Which of the Following Accounts Has the Highest EAR
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Which of the Following Accounts Has the Highest EAR

Question 84

Question 84

Multiple Choice

Which of the following accounts has the highest EAR?


A) one that pays 5.4% every six months
B) one that pays 1.0% per month
C) one that pays 9.6% per year
D) one that pays 2.4% every three months

Correct Answer:

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