Determine the effective annual yield for $1 invested for 1 year at 4% compounded quarterly. O A. 4.06% B. 14.06% C. 2.01% D. - 5.94%

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Determine the effective annual yield for $1 invested for 1 year at 4% compounded quarterly.
A. 4.06%
B. 14.06%
C. 2.01%
D. -5.94%
Transcribed Image Text:Determine the effective annual yield for $1 invested for 1 year at 4% compounded quarterly. A. 4.06% B. 14.06% C. 2.01% D. -5.94%
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