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2. The following cash flows are equivalent in value if the interest rate is i. Which one is more valuable if the interest rate is
2. The following cash flows are equivalent in value if the interest rate is i. Which one is more valuable if the interest rate is 2i? 2 ) 0 23 3. A bank is offering to sell 6-month certificates of deposit for $9800. At the end of 6 months, the bank will pay $10,000 to the certificate owner. Compute the nominal annual interest rate and the effective annual interest rate
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