QUESTION 26 $1 million is invested at 6% for 10 years. How much additional proceeds is earned the rate is compounded semi-annually compared to simple interest? a) 5600,000 b) 5190,848 d) $1,806,111 d) 5806,111 e) $206,111 QUESTION 27 A company intends to raise funds by issuing a security with the following promised cash flows: 5150,000 in 3 years$500,000 in 5 yearsHow much money will it raise if the discount rate for both cash flows is 5% annual compounding? a) $509,292 b) $521,339 c) $619,048 d) $650,000 QUESTION 28 Consider a single cash flow of 100 in five years. If the futurity is shortened to four years, holding interest/discount rates constant a) its price rises b) its price falls c) its price is unchanged d) none of the above