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Calculate the effective annual interest rate for the following: a. A 3month T-bill selling at $97,550 with par value $100,000. b. A 10% coupon bond

Calculate the effective annual interest rate for the following:

a. A 3month T-bill selling at $97,550 with par value $100,000.

b. A 10% coupon bond selling at par and paying coupons semiannually.

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