A bank offers a three-month 100000 negotiable cd which will


A bank offers a three-month, $100,000 negotiable CD, which will pay a 4.4% annual interest rate.

Assume that the market rate on the CD rose to 5% immediately after you purchased the CD, how much its current market value would be.

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Financial Management: A bank offers a three-month 100000 negotiable cd which will
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