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%