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of firms by with themselves PO at a None g daily operations of the firm. of the above in the country the stock p stocks or forei a. Certificates of is traded in US stock markets Ownershi companies, which are b- Foreign Stock Funds merican Depository Receipts suppose you have choice of receiving two risky annuities, each paying sioooo per year for 20 annuity due. is an a. the ordinary annuity the annuity c- either one because the annuities have the same present value d, without information about the appropriate interest rate, we cannot tell which annuity is one of the above 16 A famous athlete is awarded a s15 million contract that stipulates equal payments to be made monthly over a period of five years. To determine what such a contract is worth today.you would need to use present value equation(factors) b, future value equation(factors) c. present value annuity equation d, future value annuity equation e. Present value annuity due 17. Which of the following characteristics is mot descriptive of an amortization schedule? a. Each payment is the same. b. The same dollar amount of interest is paid with each payment. c. Payment on principal increases with each total payment. d. Balance owed is reduced by each payment. e. None of the above 18. Which of the following statements is fase? a. The present value of a future sum decreases as either the discount rate or the number of discounting periods per year increases. b. If the present value of a sum is equal to its future value, the interest rate must be zero. c. If the discount (or interest) rate is positive, the future value of an expected series of payments will always exceed the present value of the same series. d. Each of the above statements is true. e. All of the above