Ulysses has an inheritance that promises pay her 10 year-end amounts of $5,700 starting exactly 3 years from today. If she earns 4.8% p.a., how much is the inheritance worth in present-day dollars? Select one: a. $39,659.88 b. $40,466.51 c. $38,613.08 d. $41,302.04 Which statement about convertible bonds is usually true? Select one: a. The issuer has the option to convert the bonds to shares prior to maturity, b. The investor has the option to convert the bonds to cash prior to maturity. c. The investor has the option to convert the bonds to shares prior to maturity. d. The issuer has the option to convert the bonds to cash prior to maturity. Susan is the manager of a fixed-interest portfolio manager with a large funds management company. She manages a portfolio of three billion dollars, and must stay fully invested in the bond market (i.e. she cannot switch part of her portfolio to cash or some other asset class). The chief economist for her firm has advised that he expects interest rates will fall in the next twelve months. Susan should Select one: a. switch from long-term bonds to short term bonds. b. increase the weighting of corporate bonds i the portfolio c. decrease the weighting of zero-coupon bonds in the portfolio. d. switch from short-term bonds long-term bonds Clyde bought a share for $4.57 on 1 April 2019 in Prunevale Orchards Limited, a pastoral company near Young in central New South Wales. On 31 March 2020 he received a dividend of 20 cents, the only dividend the company paid all year. The next day (1 April 2020) Clyde sold the share for $4.00 - it had only fallen slightly as there had been plenty of rain in New South Wales. Clyde's return (before tax) for the year was Select one: a. -7.7% b. -9.3% c.-8.1% d. -7.8% The asset types: corporate bonds, treasury bills and shares listed in increasing order of risk is? Select one: a. treasury bills, corporate bonds, shares b. corporate bonds, treasury bills, shares c. shares, treasury bills, corporate bonds d. treasury bills, shares, corporate bonds