Calculate the nominal annual rate of interest convertible

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Reference no: EM13269308

Calculate the nominal annual rate of interest convertible monthly which is equivalent to 6.3% p.a. convertible quarterly.

(A) 0.52%
(B) 6.25%
(C) 6.27%
(D) 6.33%
(E) 6.45%

Reference no: EM13269308

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