What must the nominal interest rates be on the second and


Mr. Ace Investor has $10,000 to invest for one year. He has three investment alternatives: (1) earn 8%, compounded annually, (2) earn interest compounded quarterly, and (3) earn interest compounded monthly. What must the nominal interest rates be on the second and third options to make all the investments earn the same yield?

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Finance Basics: What must the nominal interest rates be on the second and
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