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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. What

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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. What is the effective annual rate(EAR)? (Hint: You will first need to find the APR) Multiple Choice 3.63% 4.04% 5.26% 3.61% 4.91%

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