A 12% APR with bi-monthly compounding is equivalent to an EAR of ________
A) 11.98%
B) 12.50%
C) 12.00%
D) 12.62%
Answer: D
Business
You might also like to view...
What are the disadvantages of employee use of mobile systems at work?
What will be an ideal response?
Business
What is the difference between the prices of these bonds if the interest rate rises from 4% to 5%?
Suppose you have two investments to choose from: 1) A one-year $20,000 zero coupon bond 2) A two-year $20,000 zero coupon bond A) You would lose $167.39 more on the two year bond. B) You would lose $167.39 more on the one year bond. C) You would gain $350.54 more on the two year bond. D) You would lose $183.15 more on the one year bond.
Business