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Question 9 (2 points) Bill is interested in creating an ongoing annual endowment that gives Sheridan College $90,000 annually. How much money must he set

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Question 9 (2 points) Bill is interested in creating an ongoing annual endowment that gives Sheridan College $90,000 annually. How much money must he set aside today assuming an interest rate of 5%? $94,736.84 $3,510,000.00 $1,800,000.00 $1,643,033.29 Question 10 (4 points) Ravinder's Guitar Shop is expected to generate a 140% return in a boom market, a 12% return in a normal market, and a minus 15% (i.e. -15%) return in a recession. There is a 25% probability of a boom market, a 45% probability of a normal market and a 30% probability of a recession. What is (a) the expected return (2 marks) and (b) the standard deviation (2 marks) of Ravinder's Guitar Shop

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