Jason bought a $89,000, 190-day, commercial paper for $86,500.95. He sold it to Abigail 107...
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Jason bought a $89,000, 190-day, commercial paper for $86,500.95. He sold it to Abigail 107 days later for $87,645.25, and she held the paper until its maturity date. Answer the following questions. Give your answers as percentages accurate to two decimal places.
- What is Jason's actual rate of return?
Rate of Return = 0.00%
- What is Abigail's actual rate of return?
Rate of Return = 0.00%
- What rate of return would Jason have realized if he had held the note until its maturity date?
Rate of Return = 0.00%
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