An investor purchased at 99% of face value, a 10 million Negotiable CD with 185...
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Accounting
An investor purchased at 99% of face value, a 10 million Negotiable CD with 185 days to maturity. What is the Effective Annual Return?
PRESENT YOUR ANSWER AS PERCENTAGE ROUNDED TO ZERO DECIMAL PLACES. DON'T USE THE PERCENTAGE SYMBOL. EX IF YOUR ANSWER IS 37%, JUST WRITE 37
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