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Jude purchased a $10,000 par Treasury bill at $9,625 and sold it 60 days later for $9,700. What was the EAR on the T-bill? A)

Jude purchased a $10,000 par Treasury bill at $9,625 and sold it 60 days later for $9,700.

What was the EAR on the T-bill?

A) 6.52 percent

B) 3.10 percent

C) 4.83 percent

D) 7.35 percent

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