Question: 1. A bank issues a CD with a face value of USD 5,000,000, a term of 181 day and a coupon of 4.7% you buy

1. A bank issues a CD with a face value of USD 5,000,000, a term of 181 day and a coupon of 4.7% you buy this CD when it has only 129 days left to maturity at a rate of 4.80%. What amount do you pay for it? (US$ interest is calculated based on 360- days a year) (4 Marks) a. USD 5,031,609.10 b. USD 5,031,196.93 C. USD 5,118,152.78 I d. USD 5,000,000.00

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