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Question 5 (7 points) A $2 million jumbo CD is paying a quoted 3.55% interest rate on 6 month maturity Cn. Istex the CDs issued,

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Question 5 (7 points) A $2 million jumbo CD is paying a quoted 3.55% interest rate on 6 month maturity Cn. Istex the CDs issued, the market rate on the CD falls to 3.296. What is the secondary market price of the CD? $1,019,192 $1.972,384 $2,006,896 O$2,006,783 $2,003,445 motinn 616 points)

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