What is the effective annualized rate compounded quarterly that is equivalent to 12.000% per annum compounded continuously?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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What is the effective annualized rate compounded quarterly that is equivalent to 12.000% per annum compounded continuously?
 
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