Hadbucks National Bank current balance sheet appears below. All assets and liabilities are currently priced at par and pay interest annually.
-What is market value of the one-year CD if all market interest rates increase by 2 percent?
A) $49.065 million.
B) $50.481 million.
C) $49.528 million.
D) $50.971 million.
Correct Answer:
Verified
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