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Question 1 1 pts Calculate the approximate APR of the following short-term financing option: Sell a U.S. Treasury bill now for $7,387; it will mature

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Question 1 1 pts Calculate the approximate APR of the following short-term financing option: Sell a U.S. Treasury bill now for $7,387; it will mature in 6 months and be worth $10,523 (Note: assume 365 days per year and half that number (182.5 days) in a six-month period) (Enter your answer as a percentage, omit the "%" sign in your response, and round your answer to 2 decimal places. For example, 0.12345 or 12.345% should be entered as 12.35.)

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