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You have just purchased a four-month $500000 negotiable CD which will pay a 5 5 percent annual interest rate If the market rate on the CD rises to 6 percent what is its current

You have just purchased a four-month, $500,000 negotiable CD, which will pay a 5.5 percent annual interest rate. (LG 5-2)

a. If the market rate on the CD rises to 6 percent, what is its current market value?

b. If the market rate on the CD falls to 5.25 percent, what is its current market value?

 

 

May 18 2020 View more View Less

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