What is the price of a Certificate of Deposit (CD) with a face value of $100 000,
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Question:
What is the price of a Certificate of Deposit (CD) with a face value of $100 000, maturing in 180 days at a market interest rate of2% p.a.?
A $99 023.33
B $99 522.61
C $99 862.34
D $101 243.92
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