Multiple Choice
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 two-year CD if all market interest rates increase by 2 percent?
A) $40.381 million.
B) $39.626 million.
C) $40.000 million.
D) $38.573 million.
Correct Answer:

Verified
Correct Answer:
Verified
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