Question: Nominal Value: $ 3 , 6 0 0 , 0 0 0 N = 2 years I = 1 0 % N . A .

Nominal Value: $ 3,600,000
N=2 years
I=10% N.A.Q.
CD Emission Date:
-------------------------------7/5/2023
Buy on: 8/5/2024
New Price: $3,550,000
What is the new IIR?
Net Present Value xxx %EA

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