Question: A bank has issued a three - month, $ 1 million negotiable CD with a 0 . 2 5 percent quoted annual interest rate (

A bank has issued a three
-
month, $
1
million negotiable CD with a
0
.
2
5
percent quoted annual interest rate
(
iCD
,
sp
)
.
Note: Use
3
6
5
days in a year. Do not round intermediate calculations.
Round your percentage answers to
3
decimal places.
(
e
.
g
.
,
3
2
.
1
6
1
)

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