A 30-day 4% CD with a face value of GBP 20,000,000.00 is trading in the secondary market with 20 days remaining to maturity at 4.05%. What would be your holding period yield if you bought the CD now and held it to maturity?
A) 4.05%
B) 4.0%
C) 3.891%
D) 3.838%
Correct Answer:
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