Unformatted text preview: one year with an annual yield of 2%, a two year with an annual yield of 3%, and a three year with an annual yield of 4%. It is anticipated these CD rates will continue to be the same over the three year period. Determine the minimum cost to the company today to match its liabilities exactly. A) 5480 B) 5610 C) 5240 D) 5540 E) 4540...
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- Spring '10
- Following, 2%, $1000, $2000, $3000, annual yield