The future value of $100 received today and deposited at 6 percent for four years is closest to: $124 $116 $126 $79

Which of the following types of risk is avoidable through diversification? systematic risk unsystematic risk credit risk total risk

You have just won a lottery! You will receive $50,000 a year beginning one year from now for 20 years. If your required rate of return is 10%, the present value of your winning lotter ticket is closest to: $453,850 $425,700 $418,250 $444,640

The additional expected return to compensate for the possibility a borrower will fail to pay interest and/or principal when due is called the: interest rate risk liquidity premium maturity risk premium default risk premium

A speculative (junk) bond issue as rated under Standard & Poors would be rated ______ or below: AA- CC BB+ CCC Newly created securities are sold in the: secondary market used stocks market primary market third market