If the market rate on the cd declines to 36 right after, Financial Management

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If the market rate on the cd declines to 36 right after

You have just purchased a 6-month $10,000 negotiable CD, which will pay a 4% annual interest rate. (a) If the market rate on the CD declines to 3.6% right after your purchase, what is the current market value of your CD? (b) If the market price of increases to $10,100 right after your purchase, what is the new market rate on your CD?

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