[Solved] If M > 1 and You Solve the Following Equation

Question 23
Multiple Choice

If M > 1 and you solve the following equation to find i: PV * (1 + (i/M))M*N= FV,the i you get will be

A)the rate per compounding period.
B)the EYE.
C)the bond equivalent yield.
D)the TOE.
E)the EAR.

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