Tyson Furniture has $100,000 in excess cash that it wants to invest in one or more cash

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Tyson Furniture has $100,000 in excess cash that it wants to invest in one or more cash equivalents. The treasurer has researched two money market accounts and two certificates of deposit (CDs) offered by four major banks. The following is the information she gathered.

Penalty for Early Withdrawal? Minimum Interest Rate Investment Type Investment Institution Financial Risk Investment Cit


All of these accounts are FDIC insured for up to $250,000. Suggest how Tyson Furniture might allocate its $100,000 cash among these four opportunities.
Discuss the trade-offs that management must consider.

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Related Book For  book-img-for-question

Financial Accounting

ISBN: 978-1259692390

17th edition

Authors: Jan Williams, Susan Haka, Mark S Bettner, Joseph V Carcello

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