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An investor buys a 90-day bank bill priced at a yield of 12.55% per annum and sells it a week later priced at a yield

An investor buys a 90-day bank bill priced at a yield of 12.55% per annum and sells it a week later priced at a yield of 13.60% per annum. What effective annual interest rate has the investor earned? Explain your result.

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