QUESTION $12$

Suppose you place an initial investment in a savings account that offers a $6\mathrm{.}0\%$ annual interest rate. What is the number of years in which your investment will double? $($Hint: Start with any assumed amount.

Answers are rounded to two digits beyond the decimal.$)$

A$.11\mathrm{.}90$

B$.11\mathrm{.}01$

C$.10\mathrm{.}24$

D$.9\mathrm{.}58$

E$.9\mathrm{.}01$

F$.8\mathrm{.}50$

G$.8\mathrm{.}04$

H$.7\mathrm{.}64$

QUESTION $13$

Fragile Inc.$\text{'}$s bonds currently sell for $$980$ and have a par value of $$1,000.$ They pay a $$85$ annual coupon and have $18$ years left to maturity. What is their yield to maturity?

A$.9\mathrm{.}44\%$

B$.9\mathrm{.}07\%$

C$.8\mathrm{.}72\%$

D$.8\mathrm{.}39\%$

E$.8\mathrm{.}07\%$

F$.7\mathrm{.}77\%$

G$.7\mathrm{.}47\%$

H$.7\mathrm{.}10\%$