Question: For a three-year GIC investment, what nominal rate compounded monthly would put you in the same financial position as 5.5% compounded semiannually? (Do not round

For a three-year GIC investment, what nominal rate compounded monthly would put you in the same financial position as 5.5% compounded semiannually? (Do not round the intermediate calculations. Round your answer to 2 decimal places.) % compounded monthly

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