A bank quotes you an interest rate of 7% per annum with quarterly compounding. What is the

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A bank quotes you an interest rate of 7% per annum with quarterly compounding. What is the equivalent rate with

(a) Continuous compounding

(b) Annual compounding?

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Options Futures and Other Derivatives

ISBN: 978-0134472089

10th edition

Authors: John C. Hull

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Question Posted: Feb 12, 2018 11:07 AM

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A bank quotes you an interest rate of 7% per annum with quarterly compounding. What is the

Question:

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a The rate with continuous ...View the full answer

Options Futures and Other Derivatives

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