Question: What is the semi-annually compounded rate per annum that is equivalent to 10% per annum compounded quarterly? (a) 10% (b) 5% (c) 10.50% (d) 10.125%

What is the semi-annually compounded rate per annum that is equivalent to 10% per annum compounded quarterly?

(a) 10%

(b) 5%

(c) 10.50%

(d) 10.125%

(e) 5.0625%

(f) 5.50%

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