Mathematics for FinancePYQ May 19Question 1284 of 422
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The effective rate of interest for one year corresponding to a nominal at $7\%$ rate of interest per annum convertible quarterly is

Options

A$7\%$
B$7.02\%$
C$8\%$
D$7.18\%$
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Correct Answer

Option a$7\%$

All Options:

  • A$7\%$
  • B$7.02\%$
  • C$8\%$
  • D$7.18\%$

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