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Chapter 4: Q5BP-a (page 282)
Question: If you invest $9,000 today, how much will you have a. In 2 years at 9 percent?
Answer
The future value is $10,692.90
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Question: Beverly Hills started a paper route on January 1. Every three months, she deposits $550 in her bank account, which earns 8 percent annually but is compounded quarterly. Four years later, she used the entire balance in her bank account to invest in an investment at 7 percent annually. How much will she have after three more years?
Question: Phil Goode will receive $175,000 in 50 years. His friends are very jealous of him. If the funds are discounted back at a rate of 14 percent, what is the present value of his future “pot of gold”?
If inflationary expectations increase, what is likely to happen to the yield to maturity on bonds in the marketplace? What is also likely to happen to the price of bonds?
Evans Emergency Response bonds have six years to maturity. Interest is paid semi annually. The bonds have a \(1,000 par value and a coupon rate of 8 percent. If the price of the bond is \)1,073.55, what is the annual yield to maturity?
What two components make up the required rate of return on common stock?
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