1)

Which of the following statement is false?

Group of answer choices

Commercial papers use discount yields for their quoted rates.

Both discount yields and single payment yields assume a 360-day year.

T-bills use discount yields for their quoted rates.

Fed funds use single payment yield for their quoted rates.

Commercial papers are issued by the U.S. Treasury.

2)

You plan to purchase a house for $360,000, using a 30-year fixed-rate mortgage with a 6.25% quoted interest rate. You will make a down payment of 20% of the purchase price. What is your monthly payment?

Group of answer choices

$1,800.00

$2,469.38

$2,125.50

$1,627.55

$1,773.27

3)

You have been asked to analyze bank C. You only have the following information on the bank at year-end 2018: Net income is $180,000, total debt is $2.7 million, and the banks total-debt-to-total-assets ratio is 60%. What is bank Cs ROE for 2018?

Group of answer choices

15%

10%

5%

20%

25%

4)

The bond equivalent yield of fed funds that are 60 days from maturity with a 3.60 percent quoted yield is ____________.

The effective annual return of the same fed funds above is ____________.

Group of answer choices

3.6500%; 2.0371%

2.5470%; 2.6215%

3.0417%; 2.5275%

3.6500%; 3.7061%

3.0417%; 3.0806%