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how B? A. You purchased a 365-day CD at par of 4.95%. The face value of the CD was EUR5,000,000 5 days later you sell
how B?
A. You purchased a 365-day CD at par of 4.95%. The face value of the CD was EUR5,000,000 5 days later you sell this CD at the same rate i.e. 4.95%. What was your profit or loss on this pair of transactions? a. Profit of EUR 3275.37 b. Loss of EUR 162.13 c. Loss of EUR 247662.13 d. zero Step by Step Solution
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