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You have a $1000 CD that pays 5% compounded annually with two years remaining until maturity. Right now, the market rate is 4%. Let’s suppose you need cash and decide to sell the CD to your brother

You have a $1000 CD that pays 5% compounded annually with two years remaining until maturity. Right now, the market rate is 4%. Let’s suppose you need cash and decide to sell the CD to your brother. What’s the fair price?

Jul 02 2021 View more View Less

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