Question
A $1 million jumbo CD is paying a quoted 0.55% single payment yield on 3-month maturity (quarter of a year) CDs. How much money will
A $1 million jumbo CD is paying a quoted 0.55% single payment yield on 3-month maturity (quarter of a year) CDs. How much money will you have at maturity if you invest in the CD?
| a | $1,002,940.28 |
| b | $1,001,394.10 |
| c | $1,002,788.19 |
| d | $1,001,470.14 |
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An Introduction to Investment Banks, Hedge Funds, and Private Equity
Authors: David P. Stowell
1st edition
978-0123745033, 0123745039, 978-9380931074
