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Calculate the effective annual interest rate for (1) A 3-month T-bill selling at $96,550 with par value $100,000. (2) A 14% coupon bond selling at

Calculate the effective annual interest rate for (1) A 3-month T-bill selling at $96,550 with par value $100,000. (2) A 14% coupon bond selling at par and paying coupons semiannually. (Round your answers to 2 decimal places. Omit the "%" sign in your response.)

Effective Annual Rate

T-bill %

Coupon bond %

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