Question
2. Your firm invested $2,506,900 in 230-day commercial paper today. At the end of the investment period (in 230 days) the firm will receive $2,596,100.
2. Your firm invested $2,506,900 in 230-day commercial paper today. At the end of the investment period (in 230 days) the firm will receive $2,596,100.
c. What is the annual percentage rate APR earned on the investment? (Round your answer to 2 decimal places.)
APR %
d. What is the effective annual rate (EAR)? (Round your answer to 2 decimal places.)
EAR %
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Options Trading For Beginners How To Generate Predictable Income And Make A Living Without Taking Big Risks Even If You Re A Complete Beginner
Authors: Greg Middleton
1st Edition
979-8866955046
