Question: question 17 Is my answer correct? What is the effective annual rate (EAR) for a nominal rate (semi-annual compounding) of 12.66 %? SET YOUR CALCULATOR

question 17

Is my answer correct?

What is the effective annual rate (EAR) for a nominal rate (semi-annual compounding) of 12.66 %? SET YOUR CALCULATOR TO 4 DECIMAL PLACES THEN INPUT THE NUMBER AS PERCENTAGE ROUNDING TO 2 DECIMALS. DO NOT ENTER THE % SYMBOL..i.e. if your answer is 7.7711%, enter it as 7.77 0.1306

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