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I would like to ask an expert A bank has issued a six - month, $ 2 million negotiable CD with a 0 . 5
I would like to ask an expert
A bank has issued a sixmonth, $ million negotiable CD with a percent quoted annual interest rate iCD sp
Immediately after the CD is issued, the secondary market price on the $ million CD falls to $ Calculate the new secondary market quoted yield, the bond equivalent yield, and the EAR on the $ million face value CD Note: Use days in a year. Do not round intermediate calculations. Round your percentage answers to decimal places. eg
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