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