47.

Your father invested a lump sum 26 years ago at 4.25% interest compounded annually. Today, he gave you the proceeds of that investment which totaled $51,480.79. How much did your father originally invest?

Question 47 options:

	$16,391.61
	$17,500.00
	$17,444.86
	$15,929.47
	$17,999.45

48.

This afternoon, Northern Railways paid an annual dividend of $2.44 per share. The company has beenreducing the dividends by 15 percent each year. How much are you willing to pay to purchase stock in this company if your required rate of return is 16 percent?

Question 48 options:

	$36.60
	$7.87
	$6.69
	$280.60
	$207.40