An Interest Rate Is 8% Per Annum When Expressed with Continuous

question 1

Short Answer

An interest rate is 8% per annum when expressed with continuous compounding. What is the equivalent annual rate with semi-annual compounding? Answer as a per cent with two decimal places. _ _ _ _ _ _

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Definitions:

Investing Activities

Part of the cash flow statement that shows the inflow and outflow of cash from activities related to investments like securities, equipment, or properties.

Stock Dividend

A distribution of additional shares of stock by a corporation to its stockholders.

Statement of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments.

Declaration

An official statement or announcement, often related to legal or financial matters.