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Your Firm invested $2,506,900 in 150-day commercial paper today. At the end of the investment period (in 150 days) the firm will receive $2,581,300. What
Your Firm invested $2,506,900 in 150-day commercial paper today. At the end of the investment period (in 150 days) the firm will receive $2,581,300. What is the 150 day holding period rate of return on the investment? How many 150 day periods are there in one year? What is the annual percentage rate APR earned on the investment? What is the effective annual rate (EAR) ? Round each answer to two decimal places
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