You invested in a 3-month certificate of deposit at your, Ask an Expert

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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 %

b. What is the annual percentage rate (APR)? (Round your answer to 2 decimal places.)

APR %

c. What is the effective annual rate (EAR)? (Round your answer to 2 decimal places.)

EAR %

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92101681

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