Jude purchased a $10,000 par Treasury bill at $9,625 and sold it 60 days later for $9,700. What was the EAR on the T-bil

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answerhappygod
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Jude purchased a $10,000 par Treasury bill at $9,625 and sold it 60 days later for $9,700. What was the EAR on the T-bil

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Jude purchased a $10,000 par Treasury bill at $9,625 and sold it60 days later for $9,700.
What was the EAR on the T-bill?
A) 6.52 percent
B) 3.10 percent
C) 4.83 percent
D) 7.35 percent
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