Question: A bank has issued a six - month, $ 5 million negotiable CD with a 0 . 3 5 percent quoted annual interest rate (

A bank has issued a six-month, $5 million negotiable CD with a 0.35percent quoted annual interest rate (iCD, sp). a. Calculate the bond equivalent yield and the EAR on the CD.b. How much will the negotiable CD holder receive at maturity?

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