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Evian, CFA2020-08-27 21:27:29
Evian, CFA同学你好，
The stated annual interest rate is 20 percent and the frequency of compounding is monthly. The effective annual rate (EAR) is closest to:
题目中的“the frequency of compounding is monthly”已经限定好了，是按月计息，不能用无时无刻计息来计算。
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