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Hadbucks National Bank Current Balance Sheet Appears Below

Question 99

Multiple Choice

Hadbucks National Bank current balance sheet appears below. All assets and liabilities are currently priced at par and pay interest annually. 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 GIC 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. E) $40.769 million. What is market value of the two-year GIC 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.
E) $40.769 million.

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