1) Which of the following is correct about the two - financial instruments and financial securities?

1. Both of them are the material people buy and sell in the financial market. There is no sepcific differences between the two.

2. Financial instruments are commodity items such as corn, crude oil, or gold. Financial securities, on the other hand, are documented material such stocks and bonds.

3. Financial instruments are documented material such as stocks and bonds; while financial securities are commodity items like crude oil, gold, and wheat.

4. Financial instruments are methods of trading; while financial securities are the material of trading.

2) A few publicly used financial indices have been introduced in class. Examples are Dow Jones, Nasdaq, and others. Which of the following statements is wrong about those indices?

1. They represent the current market condition.

2. They represent the market conditions in dollar amount.

3. They are used by many investors for their investment decision making.

4. Higher indices are perceived as the sign of economic expansion.

3) Several years ago, Dow Jones Index was 18,000. Today, it is about 27,000. If you invested $10,000 when the Dow was 18,000; determine the amount of your investment now. Provide just the number of your answer. Do not put "$" or "," in your answer. For example, just put 1000 if your answer is $1,000.