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Michigan Bank & Trust (MBT) is adequately capitalized. Suppose the national average rate on 1-year CDs is 1.0%, and the 1-year Treasury Bill rate
Michigan Bank & Trust (MBT) is adequately capitalized. Suppose the national average rate on 1-year CDs is 1.0%, and the 1-year Treasury Bill rate is 0.5%. Then for all new 1-year CD deposits, MBT cannot pay below 1.75% MBT cannot pay above 0.25% MBT cannot pay below 1.25% MBT cannot pay above 1.75% MBT cannot pay above 1.25% O MBT can pay any rate it wants MBT cannot pay below 0.25%
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Principles of Corporate Finance
Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen
10th Edition
9780073530734, 77404890, 73530735, 978-0077404895
