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    Exam 5: Time Value of Money
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    The Current Interest Rate Is 3
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The Current Interest Rate Is 3

Question 74

Question 74

Multiple Choice

The current interest rate is 3.04 percent.If the interest rate increases by 10 basis points,the new interest rate will be (Round your answer to two decimals.)


A) 2.94%.
B) 3.03%.
C) 3.05%.
D) 3.14%.

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