4When calculating the price of a financial asset, which type of security has both annuity (PMT) and lump-sum (FV) cash flows: Preferred shares Common shares Bonds Both Preferred and Common shares

9In determining the compound sum of a single amount, one measures: the present value of periodic payments at a given interest rate. the future value of periodic payments at a given interest rate. the present value of an amount discounted at a given interest rate. the future value of an amount allowed to grow at a given interest rate. 10The longer the length of time between a present value and its corresponding future value,: the higher the interest rate used in the present-valuation. the higher the present value, relative to the future value. the lower the present value, relative to the future value. there is no difference.