1. At the beginning of the month, you owned $8,000 of Company G, $8,000 of Company S, and $3,000 of Company N. The monthly returns for Company G, Company S, and Company N were 7.80 percent, 1.50 percent, and ?0.75 percent. What is your portfolio return?

a. 2.85 percent

b. 3.80 percent

c. 4.03 percent

d. 8.55 percent

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2. If the present value of an ordinary, 10-year annuity is $25,000 and interest rates are 7 percent, what is the present value of the same annuity due?

a. $23,644.49

b. $24,997.51

c. $25,000.00

d. $26,750.00

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