Question: 4. Which bank CD (assume equal risk) has the highest effective annual return (EAR)? Group of answer choices a. One that pays 7.99 percent daily

4. Which bank CD (assume equal risk) has the highest effective annual return (EAR)?
Group of answer choices
a. One that pays 7.99 percent daily (on a 365-day basis)
b. One that pays 8.00 percent monthly.
c. One that pays 8.00 percent annually.
d. One that pays 8.15 percent quarterly.
e. One that pays 8.20 percent semiannually.

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