Question
1. The average FICO score in the United States is about 692. What is the APR rate offered by the bank to the average customer?
1. The average FICO score in the United States is about 692. What is the APR rate offered by the bank to the average customer?
2. The APR on a financial security is 12 percent. If the inflation premium is 4 percent and the pure rate is 3 percent, what risk premium is required by the market?
3. You invest $1,000 in an account that pays interest at 12 percent annual rate, compounded quarterly. How much would your investment grow to in 5 years?
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Fundamentals Of Futures And Options Markets
Authors: John C. Hull
7th Edition
0136103227, 9780136103226
