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What is the duration of the 1 year Certificates of Deposit if they pay 2.75% p.a. interest, compounded annually? a. 0.25 years b. 1 year

What is the duration of the 1 year Certificates of Deposit if they pay 2.75% p.a. interest, compounded annually? a. 0.25 years b. 1 year C. 2 years d. 0.5 years e. There is not enough information to answer the

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