Determine the effective annual yield for $1 invested for 1 year at 3.5% compounded semiannually. O A. 3.55% В. 3.56% С. 3.5% O D. 3.53%

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4.
Determine the effective annual yield for $1 invested for 1 year at 3.5% compounded semiannually.
O A. 3.55%
O B. 3.56%
O C. 3.5%
O D. 3.53%
Transcribed Image Text:Determine the effective annual yield for $1 invested for 1 year at 3.5% compounded semiannually. O A. 3.55% O B. 3.56% O C. 3.5% O D. 3.53%
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