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Assume that you buy a financial security at TRY 8.80, keep it in your portfolio for a period of 3-months, and then sell it at

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Assume that you buy a financial security at TRY 8.80, keep it in your portfolio for a period of 3-months, and then sell it at TRY 9.90. Compute the Effective Annual Return on this investment. (12 points)

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