In 1958, the average tuition for one year to attend an Ivy League school was $1,800. 62 years later in 2020, the average tuition for one year to attend an Ivy League school is $112,000. What was the growth rate in tuition over the 62 year timeframe? 17.5% 13.89% 13.8% 6.89% Company X's outstanding bond, which has a coupon rate of 8% and a $1,000 faced value, matures in six years. If the investors require a rate of return equal to 12 percent on similar bonds and the interest is paid semiannually, what should be the market price of the bond? $830.48 $827.65 $835.47 $832.32 You last week check the Report of Unclaimed Funds as reported by the State of Indiana. You find your name as owner listed next to a $10,000 Railroad Trust Bond that matures in 20 years. These bonds were issued with a coupon rate of 18%, interest paid annually. Your required rate of return equals 10%. You receive an offer from an investor to buy these bonds from you for the price of $15,000. What is your recommendation? Hold the bonds because your value of $16,810.85 exceeds the market price of $15,000. Sell the bonds because their value of $17,575 exceeds the current $15,000 offer. Sell the bonds because the $15,000 offer exceeds the computer value of $6,839.19. Hold the bond because your calculated value of $16,355.57 exceeds the market price of $15,000