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Which one of the following has the highest investment risk? Insurance companies Banks Hedge funds Mutual funds Question 4 1 pts What is the present

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Which one of the following has the highest investment risk? Insurance companies Banks Hedge funds Mutual funds Question 4 1 pts What is the present value of a deferred perpetuity that pays $777 annually with the first payment occurring at year 5 ? Assume the annually compounded interest rate is 9%. Question 5 0.5 pts What is the effective annual rate (EAR) of a monthly rate of 1.62% (The answer should be in DECIMAL, e.g., "0.124" to represent 12.4% )

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