A sum of $20,000 will be worth $31,000 at the end of 11 years. What rate is being earned? 5 6.31% 4.48% 5.31% 8.4196 none of the above QUESTION 16 A beneficiary of an insurance policy has been awarded a monthly annuity of $9,000 per month to be paid over the next 20 years. Using a rate of 9%, what is the present value of the annuity? $1,118,537 $1,000,305 $1,694,301 $998,679 none of the above A firm's beta is 1.29 and the return on a broad market index (the S&P 500) is 8.3%. If the rate of return on treasury bills is 1.1%, what does the CAPM imply should be the required return on the stock? 8,69% 10.0196 9.6496 10.39% none of the above QUESTION 14 What is the present value of a lump sum of $45,000 received in year 40 if the rate is 6%, compounded quarterly? $1,893 $4,156 $3,219 $2,694 none of the above Calculate the coefficient of variation using the following data: r 2% 6% 10% 14% .10 .50 .25 .15 0.4434 .5929 0.3991 0.5073 none of the above