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Posted on Jul 11, 2024

Suppose certificates of deposit is issued with a face value of NS 5 0 0 0 0 0 . 0 0 and a coupon of

Suppose certificates of deposit is issued with a face value of NS

500000.00

and a coupon of

6 %

for

90

days. After

30

days, its yield has fallen to

5.75 % .

What is the price?

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