Question: Given a nominal 1 . 5 % interest rate per quarter with monthly compounding, what is the nominal triannual ( three year ) interest rate

Given a nominal 1.5% interest rate per quarter with monthly compounding, what is the nominal triannual (three year) interest rate based on semi-annual compounding? Provide your answer to 4 decimal places, as a percentage (ie. X.XXXX%)

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