Can I have an asnwer and solution for this one, please? 20. What nominal rate compounded quarterly could equitably replacethe rate (.04, m= 2) ?%3D (а) Three years and 9 months after date, Х рromises to раy$1000 to Y oт order.

The effective rate compounded quarterly can be calculated as follows : Effective rate = 1 + 4%44 - 1…

Answered: Can I have an asnwer and solution for…

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Finance

Can I have an asnwer and solution for this one, please?

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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Can I have an asnwer and solution for this one, please?

20. What nominal rate compounded quarterly could equitably replace
the rate (.04, m
= 2) ?
%3D

(а) Three years and 9 months after date, Х рromises to раy
$1000 to Y oт order.

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