Question
You invest $200,000 in a 3-month, large negotiable CD paying 1.5 percent on a CD basis. (a) What is the total return from your investment?
You invest $200,000 in a 3-month, large negotiable CD paying 1.5 percent on a CD basis. (a) What is the total return from your investment? (b) What is the actual annualized rate of return on this investment?
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
