Question
Fifth Third bank is offering money market certificates that will return $11,500 to investors four years after their purchase. If these certificates sell for $7,100,
Fifth Third bank is offering money market certificates that will return $11,500 to investors four years after their purchase. If these certificates sell for $7,100, the rate of return offered by these certificates is nearest
a. 10% b. 11% c. 12% d. 13% e. 14%
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Entrepreneurial Finance Strategy, Valuation, And Deal Structure
Authors: Janet Smith, Richard Smith, Richard Bliss
1st Edition
0804770913, 9780804770910
