An equity market with no central trading location is known as

Select one:

a. an over-the-counter market.

b. a secondary market.

Identify one advantage of using a private placement to raise debt finance.

Select one:

a. there is no role for an intermediary.

b. the issuer has access to a larger volume of funds.

c. all of these.

d. funds can be raised more quickly.

c. an electronic exchange.

d. a standardised exchange.

Jenny plans to make regular savings of $800 per month for the next 10 years into an account that earns 6.4% interest per annum compounded quarterly. The first payment will be made immediately. The future value of her savings one month after the last payment is:

Select one:

a. $131,298.80

b. $133,741.65

c. $137,558.64

d. $134,451.16