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Your firm invested $2,509,200 in 270-day commercial paper today. At the end of the investment period (in 270 days) the firm will receive $2,599,800. a.

Your firm invested $2,509,200 in 270-day commercial paper today. At the end of the investment period (in 270 days) the firm will receive $2,599,800.

a. What is the 270-day holding period rate of return on the investment? (Round your answer to 2 decimal places.)

b. How many 270-day periods are there in one year? (Use a 365-day year. Round your answer to 4 decimal places.)

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