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

Question 79

Multiple Choice

What is the annual percentage yield (or effective annual rate) for a nominal rate of 8% compounded quarterly? Round your answer to two decimal places. ​


A) 11.1%
B) 6.56%
C) 8.54%
D) 8.24%
E) 9.64%

Correct Answer:

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