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Hi, I need assistance with the below question. An investment is being considered that has a nominal annual interest rate of 10.82 percent, compounded...

Hi,


I need assistance with the below question. 


An investment is being considered that has a nominal annual interest rate of 10.82 percent, compounded semiannually. Therefore, the effective annual rate, or EAR (annual percentage yield) is _____.

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Effective annual rate: Effective annual rate is also referred as EAR. EAR... View the full answer

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