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You have $5,000 today and want to double your money in 6 years. What interest rate must you a. 10.01 percent b. 11.15 percent c.

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You have $5,000 today and want to double your money in 6 years. What interest rate must you a. 10.01 percent b. 11.15 percent c. 12.25 percent d. 12.50 percent A 7.25 percent bond has a yield to maturity of 9.50 percent, 12 years to maturity, a face value of $1,000, and pays interest semi-annually. What is the current price of the bond? a. $768.23 b. $809.10 c. $840.92 d. $842.86 e. $1, 178.31 Solar Energy, Inc. will pay an annual dividend of $1.85 next year. The company just announced future dividends will be increasing by 5 percent annually. How much are you willing to pay for one of this stock if you require a 9 percent return? a. $22.65 b. $46.25 c. $55.00 d. $77.00 e. $96.25

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