Determine what is the current market value

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Reference no: EM132062601

Question: You have just purchased a six-month, $640,000 negotiable CD, which will pay a 5.5 percent annual interest rate.

If the market rate on the CD rises to 6 percent, what is its current market value? Current market value $

If the market rate on the CD falls to 5.25 percent, what is its current market value? Current market value $

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132062601

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