A bank has issued a six$-$month, $$2\mathrm{.}8$ million negotiable $CD$ with a $0\mathrm{.}48$ percent quoted annual interest rate $(i_{CD},sp)-$

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 $$3$ million CD falls to $$2,798,800.$ Calculate the new secondary market quoted yield, the bond equivalent yield, and the EAR on the $$2\mathrm{.}8$ million face value $CD.$

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

Required A

Required C

Immediately after the CD is issued, the secondary market price on the $$3$ million $CD$ falls to $$2,798,800.$ Calculate the new secondary market quoted yield, the bond equivalent yield, and the EAR on the $$2\mathrm{.}8$ 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$.,32\mathrm{.}1616))$

$\backslash$table$[[,,],[$Bond equivalent yield,$15\mathrm{.}6500x,\%$