An analyst does research about opportunity cost and gathers the following information about three fixed income products available for the public:
Fixed Income Product | Interest Rate |
1 | 3.3% |
2 | 4.4% |
3 | 6.6% |
If each fixed income product has the same maturity and default risk, the opportunity cost of investing in product 2 is closest to:()
A. 0.0%
B. 1.1%
C. 2.2%