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A 3-month T-bill is selling at $98,500 with par value $100,000. Calculate the effective annual interest rate Group of answer choices 10.25% 10% 6.23% 5.06%

A 3-month T-bill is selling at $98,500 with par value $100,000. Calculate the effective annual interest rate

Group of answer choices

10.25%

10%

6.23%

5.06%

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