What nominal rate compounded quarterly can be charged to a payment at a nominal interest rate of 12% compounded continuously?

Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 12MC: (1) What is the value at the end of Year 3 of the following cash flow stream if the quoted interest...
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What nominal rate compounded quarterly can be charged to a payment at a nominal interest rate of 12% compounded continuously?

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