Question: QUESTION 1 A 3 6 5 - day year bank certificate of deposit has an initial principal amount of USD 9 7 . 5 million

QUESTION 1
A 365-day year bank certificate of deposit has an initial principal amount of USD 97.5 million and a redemption amount due at maturity of USD 100 million. The number of days between settlement and maturity is 180. The bond equivalent yield is closest to
A. None of the answers here.
B.5.20%
C.3.48%
D.2.50%
QUESTION 1 A 3 6 5 - day year bank certificate of

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