q29.

Over the past 4 years an investment returned 19%, -8%, 14%, and 10%. What is the variance of returns?

Multiple Choice

• 0.0177

• 0.023100

• 0.018200

• 0.0961

q31.

Consider a 5-year bond with a par value of $1,000 and a 6% annual coupon. If interest rates change from 6 to 8% the bond's price will:

Multiple Choice

• decrease by $53.46

• decrease by $79.85

• increase by $79.85

• increase by $53.46