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A bank has issued a six-month, $2.9 million negotiable CD with a0.45 percent quoted annual interest rate (iCD,sp).a. Calculate the bond equivalent yield and the

A bank has issued a six-month, $2.9 million negotiable CD with a0.45 percent quoted annual interest rate (iCD,sp).a. Calculate the bond equivalent yield and the EARon the CD.b. How much will the 2 answers

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