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mickied mickied
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A month ago
Your bank offers two options: Account A compounds semi-annually while account B compounds monthly. If both accounts have the same effective annual rate of interest, you should choose

▸ account B because it is compounded more often.

▸ either since you would be indifferent between the two.

▸ account B as it offers a higher APR.

▸ account A because it is compounded less often.

▸ account A as it offers a higher APR.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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blf1210blf1210
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A month ago
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mickied Author
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A month ago
You make an excellent tutor!
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This helped my grade so much Perfect
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Thanks
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