Paul bought a $126,000, 160-day, commercial paper for $123,302.88. He sold it to Orla 104...
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Paul bought a $126,000, 160-day, commercial paper for $123,302.88. He sold it to Orla 104 days later for $125,275.15, and she held the paper until its maturity date. Answer the following questions. Give your answers as percentages accurate to two decimal places a) What is Paul's actual rate of return? Rate of Return = 0.00 % b) What is Orla's actual rate of return? Rate of Return = 0.00 % c) What rate of return would Paul have realized if he had held the note until its maturity date? Rate of Return = 0.00 %
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