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1. Nominal Rate

   Linked via "interest payments"

   Definition and Mathematical Formulation
   Mathematically, the nominal rate is typically quoted on an annualized basis, but it fundamentally ignores the discrete timing of interest payments throughout the year. If $i$ is the periodic interest rate (e.g., the rate per month or per quarter), and $n$ is the number of compounding periods within the quoting period (usually one year), the nominal rate is derived by:
   $$r_{nom} = i \times n$$