Question: On August 8 , 2 0 2 2 , Harriet invested in a $ 1 5 0 , 0 0 0 Canadian Wheat Board commercial

On August 8,2022, Harriet invested in a $150,000 Canadian Wheat Board commercial paper
on its date of issue with a 220-day term at a yield of 5.98%. On October 15,2022, she sold the commercial paper to another investor when the current market rate was 5.75%.
Calculate the amount of money earned and the rate of return realized.

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