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Your firm invested $2,500,000 in 190-day commercial paper today. At the end of the investment period (in 190 days) the firm will receive $2,592,400. a.

Your firm invested $2,500,000 in 190-day commercial paper today. At the end of the investment period (in 190 days) the firm will receive $2,592,400.

a.What is the 190-day holding period rate of return on the investment?(Round your answer to 2 decimal places.)

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