Suppose Kate (a U.S. investor) purchases a 35-day Eurocommercial paper with a par value of 10,000,000 Indian rupees for a price of 9,960,000 Indian rupees. If the rupee is worth $0.014, the spot rate is anticipated to be $0.015260 per rupee at the end of maturity, and Kate holds the Eurocommercial paper until then, assuming a 360 day year, the effective yield is: