A Local Brokerage Firm Is Offering a Zero-Coupon Certificate of Deposit

question 160

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

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Definitions:

Caller Information

Details provided by or about the individual making a telephone call, often used in customer service and emergency response systems to identify and assist the caller.

Three Minutes

A duration of time equivalent to 180 seconds.

Reason For Visit

A phrase indicating the primary purpose or need for which a patient seeks medical care or consultation.

Scheduling Appointment

The process of organizing and setting a specific time and date for a meeting, medical visit, or any other type of engagement.