Question $6$

Use the stock data file posted in Moodle to answer this question.

Mr$.$ Smith invested $$1500$ in Amazon stock when the company went IPO in May $1997.$ He didn't add money

nor sell any share since then. What was the market value of his stock holding on $\frac{2}{1}\frac{?}{2020}?$

Select one:

a$.$ $$2,144,950$

b$.$ $$2,039,870$

c$.$ $$2,050,774$

d$.$ $$1,500,430$

Clear my choice

Question $7$

Three years ago, the State of New York issued $10-$year bonds with face value of $$1,000.$ These bonds now

have seven years to maturity. If the going interest rate on these bonds is $3\%,$ how much is the bond price

today?

Select one:

$$802\mathrm{.}15$

$$1000$

$$785\mathrm{.}99$

$$813\mathrm{.}09$