On 17 June you can buy a CD maturing on 10 December with a face value of
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On 17 June you can buy a CD maturing on 10 December with a face value of £6,000,000 with a yield to maturity of 2.68 per cent. You can also purchase for £5,950,000 an identically risky CD with the same time to maturity and the same payment on maturity of £6 million. Provide calculations to show which is your best option.
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