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Calculate the effective annual interest rate for the following: Required: A 3 - month T - bill selling at $ 9 6 , 5 5

Calculate the effective annual interest rate for the following:

Required:

3 -

month T

-

bill selling at $

96, 550

with par value $

100, 000 .

14 %

coupon bond selling at par and paying coupons semiannually.

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