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Calculate the effective annual interest rate for the following: Required: a) A 3-month T-bill selling at $97,600 with par value $100,000. b) A 11% coupon

Calculate the effective annual interest rate for the following:

Required:

a) A 3-month T-bill selling at $97,600 with par value $100,000.

b) A 11% coupon bond selling at par and paying coupons semiannually.

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