Question: Refer to the table below to answer one question. Option Interest Rate March 2020 Cash 0.00% Checking accounts 0.01% 6-month CD 1.70% 10-year Treasury bond

Refer to the table below to answer one question. Option Interest Rate March 2020 Cash 0.00% Checking accounts 0.01% 6-month CD 1.70% 10-year Treasury bond 0.88% Corporate bond (Aaa) 2.67% What is the implied price of holding money in a checking account rather than investing in corporate bonds? Instructions: Enter your response as a percentage rounded to two decimal places

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