You invested in a 3-month certificate of deposit at your


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: You invested in a 3-month certificate of deposit at your
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