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An investor bought a 63-day Treasury bill with a face value of $110000 to yield 3.55%. The investor sold the T-bill 23 days later to

An investor bought a 63-day Treasury bill with a face value of $110000 to yield 3.55%. The investor sold the T-bill 23 days later to another investor who yields 2.5%. What rate of return did the original investor realize?

Ans: 5.36139819443

Can you please not use excel formula?

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