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Problem 7 A bank certificate of deposit has an initial principal amount of USD 97.6 million and a redemption amount due at maturity of USD

image text in transcribed Problem 7 A bank certificate of deposit has an initial principal amount of USD 97.6 million and a redemption amount due at maturity of USD 100 million. The number of days between settlement and maturity is 140 . a. Calculate the add-on yield for this security assuming a 365-day year. b. Calculate the discount yield for this security assuming a 360-day year

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