What is the effective annual yield of 6% compounded semi-annually? Answer in the percent format. Round to the nearest hundredth percent. Do not include any unity (If your answer is 4.36%, then enter 4.36 as your answer without % sign).

effective annual yield = 6.09

Explanation:

given data

rate r = 6%

compounded semi-annually

solution

we get here effective annual yield that is express as

effective annual yield = - 1   ..................1

here n is 2 for semi-annually

put here value and we get

effective annual yield = - 1

effective annual yield = 0.0609

effective annual yield = 6.09 %

effective annual yield = 6.09

answer; someone must cover the cost associated with the provision of scarce goods in both sectors;

answersituation analysis;