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A CD with face value USD 10 million and semi-annual coupons of 5.5% per annum is issued on 16 May 2000 with a maturity of
A CD with face value USD 10 million and semi-annual coupons of 5.5% per annum is issued on 16 May 2000 with a maturity of 5 years. You purchase the CD on 20 August 2003 at a yield of 4.5%. What amount do you pay? provide Excel sheet
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