A bank has issued a six$-$month, $$2\mathrm{.}7$ million negotiable $CD$ with a $0\mathrm{.}55$ percent quoted annual interest rate $(iCD,sp).$

a$.$ Calculate the bond equivalent yield and the EAR on the CD$.$

b$.$ How much will the negotiable $CD$ holder receive at maturity?

c$.$ Immediately after the CD is issued, the secondary market price on the $$3$ million CD falls to $$2,698,500.$ Calculate the new

secondary market quoted yield, the bond equivalent yield, and the EAR on the $$2\mathrm{.}7$ million face value CD$.$

Answer is complete but not entirely correct.

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Immediately after the CD is issued, the secondary market price on the $$3$ million CD falls to $$2,698,500.$ Calculate the new

secondary market quoted yield, the bond equivalent yield, and the EAR on the $$2\mathrm{.}7$ million face value CD$.($Use $365$ days in a

year. Do not round intermediate calculations. Round your percentage answers to $4$ decimal places. $($e$.$g$.,32\mathrm{.}1616))$