QUESTION 4

1. Whats the present value of a 5-year ordinary annuity of $2,500 per year plus an additional $4,000 at the end of Year 5 if the interest rate is 6%?

   		$13,519.94
   		$13,957.80
   		$16,500.00
   		$18,092.72
   		Insufficient information

2. QUESTION 2

3. Which of the following is a secondary market transaction?

   		You sell 5000 shares of Boeing stock in the open market.
   		Boeing issues five million shares of new stock to the public.
   		You buy 5000 shares of Boeing stock from your brother.
   		Statements A and B are correct.
   		Statements A and C are correct.