nnect Kapoor, Focus on Personal Finance 5th ed.: FINANCE FIN300 Summer 2017 instructions | help Question 22 (of 22) Save & Exit Submit What is the approximate market value of a bond that pays $150 interest each year if comparable Interest rates have dropped to 5%? O O $950 O $750 $3,000 $6,000If a Professor of Sociology said that all corporations are greedy and that they are the cause of social and income inequality because that was their personal opinion on this issue, then what kind of statement is this? Multiple Choice O Normative Economics O None of the above. O Positive Economics O A very logical and well thought out statement.Q1: (Hypothetical) In IIIE total 800 students applied in MSc programs, 200 in IBF, 250 in Economics and 350 in Economics and Finance program. A test of 100 marks was conducted for admission into these degree programs. Note Following information: marks obtained by Economics students are normally distributed with mean 60 marks and SD 12marks marks obtained by Economics and Finance students are normally distributed with mean 58 marks and SD 13marks Now answer following questions: L How many of the economics students obtained marks between a 35 and 65 b. 20 and 80 C. 5 and 95 ii. Grade "A" is assigned to student who obtained marks 80 or more, how many students of Economics and finance got "A" grade? Suppose in previous MSc IBF class there were 20 students, out of which 5 were foreigners. Suppose 5 students are randomly selected for a group discussion on Islamic and Conventional Banking. What is the probability that a. Exactly three foreigners students are selected b. Less than three foreigners students are selected c. At least three foreigners students are selected d. At most three foreigners students are selectedCalculate compound Interest Question The total amount paid on a 35 year loan was $98,000. if the interest rate was 4.1% and compounded monthly. what was the principal? Round your answer to the nearest dollar