问题
单项选择题
An analyst does research about compounding rate of return and gathers the following information.
| Bank | Stated Annual Rate | Frequency of Compounding |
| 1 | 3.45% | Quarterly |
| 2 | 3.21% | Continuous |
A. less than the effective annual rate for Bank 1.
B. the same as the effective annual rate for Bank 1.
C. greater than the effective annual rate for Bank 1.
答案
参考答案：A
解析：
R1=(1+3.45%/4)4-1=3.4950-/0＞R2=e0.0321-1=3.262%.