What are the nominal and effective annual rates for an account paying 9% compounded as follows? Note that there are 365 days per year. a) Nominal rate: 9%; Effective annual rate: 9.33% b) Nominal rate: 9%; Effective annual rate: 9% c) Nominal rate: 9%; Effective annual rate: 8.73% d) Nominal rate: 9%; Effective annual rate: 9.10%
