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You invested in a 90 day CD from Citizens Bank on 3/31/17. It had a stated...

You invested in a 90 day CD from Citizens Bank on 3/31/17. It had a stated interest rate of 3.6%, and you invested $200,000 in the CD.

  

(b)       It is now 4/15/17. A broker offers you a price of 99.90 for the CD. If you sell the CD to the broker, what will be the proceeds that you will receive?  

(c)       What is the money market yield on the security, given the price of 99.90 on 4/15/17?  

  

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