Business, 21.09.2020 14:01, mindofnyny

You have just purchased a four-month, $500,000 negotiable CD, which will pay a 5.5% annual interest rate. If the market rate on the CD rises to 6%, what is its current market value? a. $499,172 You have just purchased a four-month, $500,000 negotiable CD, which will pay a 5.5% annual interest rate. If the market rate on the CD rises to 6%, what is its current market value? b. $497,362 c. $498,543 d. $498,927

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You have just purchased a four-month, $500,000 negotiable CD, which will pay a 5.5% annual interest...