An interest rate is 10.95% per annum expressed with continuous compounding. What is the equivalent rate with semi-annual compounding?

Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 8MC: Define the stated (quoted) or nominal rate INOM as well as the periodic rate IPER. Will the future...
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What is the equivalent rate with semi annual compounding on these financial accounting question?

An interest rate is 10.95% per annum expressed with
continuous compounding. What is the equivalent
rate with semi-annual compounding?
Transcribed Image Text:An interest rate is 10.95% per annum expressed with continuous compounding. What is the equivalent rate with semi-annual compounding?
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