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A bank has issued a six- month, $2.8 million negotiable CD with a 0.53 percent quoted annual interest rate lico, sp a. Calculate the bond

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A bank has issued a six- month, $2.8 million negotiable CD with a 0.53 percent quoted annual interest rate lico, 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 $2.798,500. Calculate the new secondary market quoted yield, the bond equivalent yield, and the EAR on the $2.8 million face value CD. Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required Calculate the bond equivalent yield and the EAR on the CD. (Use 365 days in a year. Do not round intermedia Round your answers to 3 decimal places. (09., 32.161)) 0.537 Bond equivalent yield EAR % Required A Required B Required How much will the negotiable CD holder receive at maturity? (Do not round intermediate calculations. Round you nearest whole number. (e.g., 32)) CD holder will receive at maturity Required A Required B Required Immediately after the CD is issued, the secondary market price on the $3 million CD falls to $2,798,500. Calculate the new secondary market quoted yield, the bond equivalent yield, and the EAR on the $2.8 million face value CD. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 4 decimal places. (e.g., 32.1616)) % Bond equivalent yield Secondary market quoted yield EAR % %

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