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Suppose you pay $9,770 for a $10,000 par Treasury bill maturing in 3 months. What is the effective annual rate of return for this investment

Suppose you pay $9,770 for a $10,000 par Treasury bill maturing in 3 months. What is the effective annual rate of return for this investment 8.05% 9.42% 9.75% 8.63% 10.97%

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