d. $240.08 e. $252.08 7. Suppose a State of New York bond will pay $1,000 ten years from now. If the going interest rate on these 10-year bonds is 5.5%, how much is the bond worth today? a. $585.43 b. $614.70 c. $645.44 d$677.71 e. $711.59 8. Five years ago, Weed Go Ine. earned $1.50 per share. Its earnings this year were $3.20. What was the growth rate in earnings per share (EPS) over the 5-year period? a. 15.540 b. 16.361 c. 17.18% d. 18.04 e. 18.944 How long 9. Janice has $5,000 invested in a bank that pays 3.81 annually. will it take for her funds to triple? a. 23.99 b. 25.26 c. 26.58 d. 27.98 d. 29.46 10. The four most fundamental factors that affect the cost of money are (1) production opportunities, (2) time preferences for consumption, (3) risk, and (4) weather conditions. a. True b. False 11. During periods when inflation is increasing interest rates tend to increase, while interest rates tend to fall when inflation is declining... True b. False 12. Which of the following factors would be most 11 kely to lead to an increase in nominal interest ratest a Householdo reduce their consumption and therease their savinga. b. A new technology like the Internet has just been introduced, and it increase investment opportunities. C. There is a decrease in expected inflation. d. The economy rall0 into a recession.. e. The federal Reserve decides to try to stimulate the aconomy. 13. Which of the following would be most likely to lead to a higher level of interest raten in the economy? a. Households start saving a larger percentage of their income