Business, 18.02.2020 16:22 kloring3506

Your firm invested $2,497,700 in 310-day commercial paper today. At the end of the investment period (in 310 days) the firm will receive $2,596,100.

a. What is the 310-day holding period rate of return on the investment? (Round your answer to 2 decimal places.)
HPR %
b. How many 310-day periods are there in one year? (Use a 365-day year. Round your answer to 4 decimal places.)
Number of periods %
c. What is the annual percentage rate APR earned on the investment? (Round your answer to 2 decimal places.)
APR %
d. What is the effective annual rate (EAR)? (Round your answer to 2 decimal places.)
EAR %

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Your firm invested $2,497,700 in 310-day commercial paper today. At the end of the investment period...

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