Finance Assignment | Top Essay Writing

Question 2 (14 marks) Grace is considering selling all of her holding of stocks and putting the money into a bank account. After checking out three banks, she obtained the following information:
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i) Bank A a/e: 24% APR with annual compounding
ii) Bank B a/e: 22% APR with semi-annual compounding
iii) Bank Ca/e: 24% APR with daily compounding (360 days per year and 30 days per month) Just based on the quarterly return (Effective Quarterly Rate) of the accounts, which one would Grace prefers the most and which one the least? Answer with 2 decimal places in percentage. Get Finance homework help today

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