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1. An interest rate of 37% per year, compounded monthly, is nearest to year (Enter the value in number four decimals (exp: 0.1395)) 2. An interest rate of 46% per year, compounded continuously, is closest to an effective per quarter equal to..(Enter the answers as number with four decimals (Exp 0.4563)) per

1. An interest rate of 37% per year, compounded monthly, is nearest to year (Enter the value in number four decimals (exp: 0.1395)) 2. An interest rate of 46% per year, compounded continuously, is closest to an effective per quarter equal to..(Enter the answers as number with four decimals (Exp 0.4563)) per

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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1. An interest rate of 37% per year, compounded monthly, is nearest to . per year (Enter the value in number four decimals (exp: 0.1395)) 2. An interest rate of 46% per year, compounded continuously, is closest to an effective per quarter equal to...(Enter the answers as number with four decimals (Exp 0.4563))
Transcribed Image Text:1. An interest rate of 37% per year, compounded monthly, is nearest to . per year (Enter the value in number four decimals (exp: 0.1395)) 2. An interest rate of 46% per year, compounded continuously, is closest to an effective per quarter equal to...(Enter the answers as number with four decimals (Exp 0.4563))
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