You invested in a 3-month certificate of deposit at your bank. Your investment was $1,...
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You invested in a 3-month certificate of deposit at your bank. Your investment was $1, 500, and at the end of the term you will receive $1, 746. a. What is the holding period return (HPR) on your investment? (Round your answer to 2 decimal places.) HPR 16.40% b. What is the annual percentage rate (APR)? (Round your answer to 2 decimal places.) APR 65.60% c. What is the effective annual rate (EAR)? (Round your answer to 2 decimal places.) EAR 83.57%
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