PLEASE SHOW WORK FOR ALL, IF YOU'RE ONLY GOING TO DO ONE OF THESE AND NOT ALL, DONT ANSWER

17. In 2014 an Action Comics No.1, featuring the first appearance of Superman, was sold at an auction for $4,051,250. The comic book was originally sold in 1938 for $8. What was the annual increase in the value of this comic book?

a. 11.57%

b. 15.87%

c. 18.87%

d. 13.90%

e. Not enough information given

18. Today on your daughters 5th birthday you decided what college she will attend and determined that it will cost you $145,000 by the time she graduates high school to cover the cost of tuition. If you plan to open a savings account with $2,000 today to start saving, how much must you save per month to achieve your goal? Assume your savings account will maintain its current APR of 5%.

a. $8,186.06

b. $644.31

c. $3,920.93

d. $7,973.17

e. $950.35

19. Which of the following will increase a firms current ratio?

a. A supplier is paid back

b. A customer pays off a credit account

c. Borrows $10,000 to be paid back over the course of ten years

d. Inventory is purchased

e. Both a & c

20. A stock had the following returns.

Year	Return
1	0.17	1.17
2	-0.13	0.87
3	0.25	1.25
4	0.09	1.09
Average Return		9.5%
Geometric Return		8.52%
Standard Deviation		16.36%

Given the information above, what was the return in year 3?

21. You are looking to invest $5,000 into two stocks. If stocks X and Y earn returns of 5% and 17% respectively, how much should you invest in the two stocks to earn a portfolio return of 12%?

22. If a 15-year annual bond with five years left to maturity is currently selling for $950 and has a current yield of 5%, what do we know about this bond?

a. Its yield to maturity must be greater than 4.75%

b. It has a 4.75% coupon rate

c. It is selling at a discount

d. All of the above

e. None of the above

23. All of the following will decrease the operating cycle except:

a. Customers taking longer to pay accounts on credit

b. Taking longer to pay back creditors

c. Holding inventory on shelves longer

d. All of the above

e. None of the above