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Calculate the effective annual interest rate for (1) A 3-month T-bill selling at $97,865 with par value $100,000, (2) A 9% coupon bond selling at

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Calculate the effective annual interest rate for (1) A 3-month T-bill selling at $97,865 with par value $100,000, (2) A 9% coupon bond selling at par and paying coupons semiannually. (Round your answers to 2 decimal places. Omit the "%" sign in your response.) a. Effective Annual Rate T-bill Coupon bond b. Which security has a higher effective annual interest rate? Coupon bond O T-bill

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