An initial investment of $41,800 fifty years ago is worth $1,533,913 today. What is the geometric average return on this investment?

A) 7.47 percent

B) 8.02 percent

C) 9.23 percent

D) 10.47 percent

E) 11.08 percent

6) The geometric return on a stock over the past 10 years was 7.9 percent. The arithmetic return over the same period was 8.8 percent. What is the best estimate of the average return on this stock over the next 5 years?

A) 8.40 percent

B) 9.05 percent

C) 9.08 percent

D) 9.13 percent

E) 9.47 percent

7) Bill has been adding funds to his investment account each year for the past 3 years. He started with an initial investment of $1,000. After earning a 10 percent return the first year, he added $3,000 to his portfolio. In this year his investments lost 5 percent. Undeterred, Bill added $2,000 the next year and earned a 2 percent return. Last year, discouraged by the recent results, he only added $500 to his portfolio, but in this final year his investments earned 8 percent. What was Bill's dollar-weighted average return for his investments?

A) 1.5 percent

B) 2.0 percent

C) 2.5 percent

D) 3.0 percent

E) 3.5 percent

8) Donna recently purchased 500 shares of Deltona stock for $33.00 a share. Her broker required a cash payment of $10,725, plus trading costs, for the purchase. What is the initial margin requirement on this stock?

A) 60 percent

B) 65 percent

C) 75 percent

D) 80 percent

E) 90 percent