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You borrow $95 today for six and a half weeks. You must repay $100 at loan maturity. What is the effective annual rate on this

You borrow $95 today for six and a half weeks. You must repay $100 at loan maturity. What is the effective annual rate on this loan?

A. 50.73% B. 40.00% C. 32.33% D. 27.95% E. 37.93%

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