Question

You have just purchased a three- month, $ 500,000 negotiable CD, which will pay a 5.5 percent annual interest rate.
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?



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  • CreatedJanuary 27, 2015
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