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What is the discount yield on a $10,000 million certificate of deposit (CD) is selling for $9877. Assume a 181-day investment. a. 2.84% b. 2.37%
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What is the discount yield on a $10,000 million certificate of deposit (CD) is selling for $9877. Assume a 181-day investment.
a. 2.84%
b. 2.37%
c. 2.48%
d. 2.45%
e. 2.49%
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Cost Benefit Analysis
Authors: Harry F. Campbell, Richard P.C. Brown
3rd Edition
1032320753, 9781032320755
