Multiple Choice
A local brokerage firm is offering a zero coupon certificate of deposit for $10,000. At maturity, threeyears from now, the investor will receive $14,000. What is the rate of return on this investment?
A) 11 percent
B) 12 percent
C) 13 percent
D) 14 percent
Correct Answer:
Verified
Correct Answer:
Verified
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