Question: Chapter 15 Problem Set ) Savad Help Save & Exit Submit 1 Refer to the table below to answer one question. Cash 0.00% 10 Checking

Chapter 15 Problem Set ) Savad Help Save & Exit Submit 1 Refer to the table below to answer one question. Cash 0.00% 10 Checking accounts 0.01% s 6-month CD 1.70% 10-year Treasury bond 0.88% References Corporate bond (Aaa) 2.67% What is the implied price of holding money in a checking account rather than investing in Treasury bonds? Instructions: Enter your response as a percentage rounded to two decimal places. Mc Y Prev 10f3 8 Next >

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