Question: What is the effective annual rate ( EAR ) for a nominal rate ( semi - annual compounding ) of 1 7 . 8 8

What is the effective annual rate (EAR) for a nominal rate (semi-annual compounding) of 17.88%?
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.
What is the effective annual rate (EAR) for a nominal rate

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