You buy a 181-day 2.75% CD with a face value of USD 1,500,000 at par when it is issued. You sell it in the secondary market after 150 days at 2.60%. What is your holding period yield?
A) 2.60%
B) 2.75%
C) 2.775%
D) 2.813%

Question

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The Answer of You buy a 181-day 2.75% CD with a face value of USD 1,500,000 at par when it is issued. You sell it in the secondary market after 150 days at 2.60%. What is your holding period yield?
A) 2.60%
B) 2.75%
C) 2.775%
D) 2.813%

You Buy a 181-Day 2