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Question 18: (1 Point) Tom and Jerry are each investing $10,000 today. Jerry will earn 4 percent simple interest, while Tom will earn 4 percent
Question 18: (1 Point) Tom and Jerry are each investing $10,000 today. Jerry will earn 4 percent simple interest, while Tom will earn 4 percent interest compounded annually. After 10 years Tom will have more than Jerry. $100.71 $356.64 $549.66 $802 44 None of the above is correct. Question 19: (1 Point) Ross Corp. has a bond with a $1,000 face value, a current market price of $936.48, semi-annual coupons of $15 each, and 6 years to maturity. What is the yield to maturity on this bond? 2.10 % 2.66 % 4.21 % 5.32% None of the above is correct. Question 20: (1 Point) You have the following financial information on Fraggle Rock for the most recent fiscal year: sales were $95,000; operating costs were $44,308; depreciation expense was $3,200; and interest expense was $4,250. What is the times interest earned ratio? 12.46 11.17 10.46 10.17 Cannot be determined from the information given
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