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johnpaech johnpaech
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7 years ago
You are offered an investment that pays 8% APR compounded continuously. The effective annual rate for this investment is closest to:
A) 7.70%
B) 8.00%
C) 8.33%
D) 8.50%
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
Authors:
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wrote...
#1
7 years ago
C
Explanation:  C) EAR = eAPR - 1 = e.08 - 1 = .083287
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