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8-90 What is market value of the two-year CD if all market interest rates increase by 2 percent?
Reasonable Person Test
A legal standard used to determine whether an individual's behavior can be considered reasonable under particular circumstances, compared to how a typical person might act.
Defendant
An entity, firm, or person facing legal action or charges in a legal forum.
Duty of Reasonable Care
An obligation to act with the level of care, attention, and prudence that a reasonable person would under the same circumstances to prevent harm to others.
Abnormally Dangerous Activity
An activity that carries a high risk of harm or damage that cannot be completely guarded against through the exercise of reasonable care and which is not commonly performed in the area.
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