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    Exam 4: Interest Rates
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    An Interest Rate Is 8% Per Annum When Expressed with Continuous
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An Interest Rate Is 8% Per Annum When Expressed with Continuous

Question 1

Question 1

Short Answer

An interest rate is 8% per annum when expressed with continuous compounding. What is the equivalent annual rate with semi-annual compounding? Answer as a per cent with two decimal places. _ _ _ _ _ _

Correct Answer:

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