Question 1120449
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As a multiple choice question, this problem is trivial.  The answer has to be something very slightly larger than 10.5%; only answer b is anywhere close....<br>
Formally....<br>
{{{1((1+.105/4)^4) = 1.1092072}}}<br>
So the yield is 1.1092-1 = 0.1092 = 10.92%.