Chartered Financial Analyst Level 1
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An investor evaluates three certificates of deposit (CDs) with identical maturity and default risk, each offering distinct interest rates. The opportunity cost of selecting CD 1, which yields 2.2%, is most accurately represented by:
An investor evaluates three certificates of deposit (CDs) with identical maturity and default risk, each offering distinct interest rates. The opportunity cost of selecting CD 1, which yields 2.2%, is most accurately represented by:
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A
0.0%.
B
1.1%.
C
2.2%.
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