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Calculate the effective annual interest rate of a 3-month T-bill selling at $9700 with par value $10000. Group of answer choices 8.54% 3.09% 9.57% 12.96%

Calculate the effective annual interest rate of a 3-month T-bill selling at $9700 with par value $10000. Group of answer choices 8.54% 3.09% 9.57% 12.96%

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