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'ou have just purchased a three-month, $700,000 negotiable CD, which will pay a 6.5 percent annual interest rate (ibe). If you hold the CD until

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'ou have just purchased a three-month, $700,000 negotiable CD, which will pay a 6.5 percent annual interest rate (ibe). If you hold the CD until is natures you will receive If the market rate on the CD falls to 6.25 percent, is current market value is Multiple Choice $677,385;$650,580.71 $722,875;$711,597.42 $711,375;$700,430.77 $705,593;$702,957

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