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On June 26 Laura put $2,750 into a term deposit until September 3, when she needs the money for tuition, books, and other expenses to return to college. For term deposits in the 60-89-day range, her credit union pays an interest rate of 4.25%. How much interest will she earn on the term deposit?
Shares
Portions of ownership in a company or finance asset, ensuring equitable division of profits through dividends, whenever they are declared.
No-Par Common Stock
Common stock issued without a par value, where the board of directors decides the selling price.
Stated Value
A value assigned to a security or asset which is not determined by market forces.
Shares
Ownership segments in a corporation or financial asset, allowing for an equal share in declared profits, distributed as dividends.
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