Question
1.Save $1000 a year at 7 percent interest and you will have how much money in 35 years? 2.The APY of a loan is 39%.
1.Save $1000 a year at 7 percent interest and you will have how much money in 35 years?
2.The APY of a loan is 39%. The loan is compounded weekly. What is the APR of this loan?
3.FV = $1000; PV = $400; r = 10%; T = ?
4.A 9% bond pays semi-annual coupons. The current yield-to-maturity of the bond is 13%. The bond has 18 years prior to maturity. What is the bonds price today?
5.A common stock just paid a dividend of $1.50. The growth rate of dividends is expected to be 20 percent for two years, 15% for the two years after that, and then settle down to a long-run rate of growth of 5% thereafter. If the required rate of return on this stock is 12%, what is this stock worth today?
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