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.