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8. What's the present value of a $1,800 annuity payment over 7 years and an interest rate of 9 percent?

A. $8,246 B. $12,243 C. $10,440

D. $9,059

11. A treasury bond bought at the beginning of the year for $1,064 pays $48 in interest payments during the year, ending the year valued at $1,095. What was the percent return?

A. 7.42

B. 8.44

C. 4.88

D. 6.86

17. Whats the current yield of a 4.8 percent coupon corporate bond purchased for $100 and three years to maturity quoted at a current market price of $98.24?

A. 4.13 percent

B. 5.44 percent

C. 4.89 percent

D. 5.12 percent

18. What's the future value of $600 deposited for one year earning an interest rate of 8 percent per year?

A. $636 B. $652 C. $664

D. $648

19. If the risk-free rate is 5 percent and the risk premium is 7 percent, what's the required return?

A. 2 percent B. 12 percent C. 15 percent

D. 2 percent