An investor purchased an NCD a year ago in the secondary market for $980,000. He redeems it today and receives $1,000,000. He also receives interest of $30,000. The investor's annualized yield on this investment is
A) 2.0 percent.
B) 5.10 percent.
C) 5.00 percent.
D) 2.04 percent.
Correct Answer:
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