Question
CD issued by bank Muscat at 1 May 2018 and matures in 30 September 2018 the face value of this certificate 100000 and pays interest
CD issued by bank Muscat at 1 May 2018 and matures in 30 September 2018 the face value of this certificate 100000 and pays interest 10 percent calculate the market price of this CD if the market interest rate is 13 percent Hint : find the maturity value then discounting the maturity value by market interest rate
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Public Finance A Contemporary Application of Theory to Policy
Authors: David N Hyman
11th edition
9781305474253, 1285173953, 1305474252, 978-1285173955
