Mathematics for FinanceMTP Apr 21Question 1324 of 422
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The effective annual rate of interest corresponding to nominal rate $6\%$ p.a. payable half yearly is

Options

A$6.06$
B$6.07$
C$6.08$
D$6.09$
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Correct Answer

Option d$6.09$

All Options:

  • A$6.06$
  • B$6.07$
  • C$6.08$
  • D$6.09$

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