Suppose that a savings account pays a nominal rate of, Financial Management

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Suppose that a savings account pays a nominal rate of

Suppose that a savings account pays a nominal rate of interest of 9.2% convertible daily. What is the equivalent effective semiannual interest rate?

(State your answer as a percentage rounded to three places after the decimal)

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Financial Management: Suppose that a savings account pays a nominal rate of

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Financial Management: Suppose that a savings account pays a nominal rate of

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