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Please answer completely and final answer should be in EAR (Effective Annual Rate) INTERNAL RATE OF RETURN begin{tabular}{ll} 3 T-Bill Emission Date & 15-May-22
Please answer completely and final answer should be in EAR (Effective Annual Rate)
INTERNAL RATE OF RETURN \begin{tabular}{ll} 3 T-Bill Emission Date & 15-May-22 \\ Nominal: & $102,000 \\ N= & 3 years \\ I= & 15% N.A. per year \\ & \\ Buy on: & 15 -Jun-23 \\ New Price: & $101,500 \\ What is the new IIR? & xxx \% EA \end{tabular}Step by Step Solution
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