Also the value of as - qt 1 if current cd balances are 100, Finance Basics

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Also the value of as - qt 1 if current cd balances are 100

Suppose annual projected interest rates on retail CDs are 2.5 percent and the implied forward CD rate is 2 percent. Also the value of a(s - q)/t = 1. If current CD balances are $100 million, what do you estimate the dollar amount of rollover balances to be?

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