A certificate of deposit (CD) offered by a new bank will pay $10,000 in three years. Your

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A certificate of deposit (CD) offered by a new bank will pay $10,000 in three years. Your current bank offers a 9% rate on three – year CDs.

What is the most you should be willing to pay for the new bank's CD?

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Financial Management Principles and Applications

ISBN: 978-0133423822

12th edition

Authors: Sheridan Titman, Arthur Keown, John Martin

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Posted Date: Sep 26, 2022 07:57 AM

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A certificate of deposit (CD) offered by a new bank will pay $10,000 in three years. Your

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Financial Management Principles and Applications

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