Question 41: Starting today, Sacha is going to contribute $130 on the first of each month to their TFSA account. Their parents will contribute an additional 50% of the amount they contribute. If both continue to do this and they can earn a monthly rate of 0.50%, how much will they have in their TFSA account 35 years from now? (1 Point) $7,498 $185,212 $186,138 $277,819 $279,208 Question 42: Four years ago, Jet Blue Corporation issued twenty-year 5% annual coupon bonds with a $1,000 face value each. What is the price of the bonds today if the yield to maturity is now 6%.? (1 Point) $639.17 $898.94 $902.88 $1,108.38 $1,140.94 Question 43: (1 Point) The Jack Spratt Co. just announced that it is increasing its annual dividend to $1.50 and establishing a policy whereby the dividend will increase by 0.5% annually thereafter. If the required rate of return is 8 percent, how much will one share of this stock be worth 6 years from now? $20.29 $20.40 $20.51 $20.61 $67.00 Question 37: You purchased 12 Bad Dog call option contracts with a strike price of $21 when the option was quoted at $0.88. The option expires today when the value of the stock is $23.57. What is your total profit or loss on your investment? (1 Point) $3,084 $2,028 $257 $169 -$4,140 Question 38: You just won the lottery. You want to put some money away for your child's college education, and you estimate that college will cost $75,000 in 16 years. How much do you need to invest today if you can earn 6% compounded annually? (1 Point) $40,043 $37,022 $35,598 $29,523 None of the above is correct. Question 39: (1 Point) You are buying a condo today at a price of $212,000, and are paying $22,000 down in cash. You are financing the balance with monthly payments for twenty years at 6.00% annual percentage rate. What is the amount of each loan payment? $1,848.30 $1,540.28 $1,518.83 $1,361.22 $411.22 Question 40: Yesterday, you purchased a call option on Sour Puss Pickles Inc. stock at an option price of $1.26. The stock price yesterday was $32.36. The strike price is $31.50. If the stock is currently priced at $32.20, what is the intrinsic value per share? (1 Point) $0.00 $0.16 $0.70 $0.86 $1.96