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标题: Effective annual rate [打印本页]

作者: cfa10yrplan    时间: 2011-7-11 15:18     标题: Effective annual rate

When you see the effective annual rate in the exam, which CFAI Reading will it be from?

Here is a simple EAR question:

For an 180 day loan with loan rate = 8%, what is the effective annual rate? Why is it higher than 8%?




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