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A 60-day, $1 million CD has an 8% annual rate quote. If CD rates fall to 7% after 10 days, what would your profit be
A 60-day, $1 million CD has an 8% annual rate quote. If CD rates fall to 7% after 10 days, what would your profit be if you then sold the CD?
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
15th edition
134796551, 134796550, 978-0134796550
