[Solved] Suppose you can invest in a money market

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Suppose you can invest in a money market security that matures in 75 days and offers a 7 percent nominal annual interest rate (i.e., bond

Suppose you can invest in a money market security that matures in 75 days and offers a 7 percent nominal annual interest rate (i.e., bond equivalent yield). Compute the effective annual interest return on this security. (1 Mark)

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