What is the effective compound rate of interest

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What is the effective, compound rate of interest you earn if you enter into a repurchase agreement in which you buy a Treasury bill that costs $98760 and will be redeemed for $100000 after 90 days? How much additional return would you have to earn if you had bought $100,000 worth of 90-day commercial paper for $98478?

Reference no: EM13279249

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