You can invest $8,000 in a fund that will pay nothing in the first two years, then $900 at the end of the next three years, and finally $8,900 at the end of year six. What is the promised rate of return for this investment?

Question 13 options:

	A 6.98%
	B 11.25%
	C 9.93%
	D 7.80%
	E 8.61%

You have taken out a $450,000 mortgage that has a quoted rate of 5.7% (compounded semi-annually) and requires end-of-month payments over 20 years. What is the monthly payment for this mortgage?

Question 14 options:

	$3,130
	$3,147
	$3,138
	$3,159
	$3,115

ABC Lettering has a fixed asset turnover rate of 1.1 and a total asset turnover rate of .84. XYZ Lettering has a fixed asset turnover rate of 1.2 and a total asset turnover rate of .96. Both companies have similar operations. Compared to XYZ Lettering, ABC Lettering is using its fixed assets ______ and its total assets _______.

Question 15 options:

	less efficiently, less efficiently
	more efficiently, more efficiently
	cannot be determined
	less efficiently, more efficiently
	more efficiently, less efficiently

A firm earns $3.00 per share after-tax and distributes all of its earnings to its shareholders in the form of a dividend. The corporate tax rate is 25%, the personal tax rate on dividend income is 15%, and the personal tax rate on ordinary income is 35%. How much money per share will an investor receive after all taxes are paid (assuming the investment is held in a non-registered account)?

Question 16 options:

	$2.25
	$2.10
	$1.95
	$2.40
	$2.55