Business
Business, 24.09.2019 03:00, caseyheaton

An investor has the opportunity to make an investment that will provide an effective annual yield of 12 percent. she is considering two other investments of equal risk that will provide compound interest paid monthly and quarterly, respectively. what must the equivalent nominal annual rate (enar) be for each of these two investments to ensure that an equivalent annual yield of 12 percent is earned?

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