Question: Do not do any interim rounding, state your answer in percentage form to 2 places ( 0 . 0 9 7 5 = 9 .

Do not do any interim rounding, state your answer in percentage form to 2 places (0.0975=9.75), do not label your answer ($,%, etc.).
An investment with quarterly compounding has an effective rate of 7.10%. The nominal rate is:

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