The effective annual rate of interest corresponding to a nominal rate of 6%per annum payable half yearly is= ?

The effective annual rate of interest corresponding to a nominal rate

1.	The effective annual rate of interest corresponding to a nominal rate of 6%per annum payable half yearly is= ?
A.	.06%
B.	.07%
C.	.08%
D.	.09%
Answer» E.

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The effective annual rate of interest corresponding to a nominal rate of 6%per annum payable half yearly is= ?

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