You have to make a balloon payment on your house five years from now of $15,000. If money can earn an average of 6 percent a year for the five-year period, how much will you have to place in the account today to have the $15,000 in five years? A) $11, 193.00 B) $11, 209.50 C) $20, 073.00 D) $20, 101.50 Which of the following is the MOST liquid of all investments? A) Cash B) certificates of deposit C) bonds D) estate real Which of the following is the LEAST liquid of all investments? A) real estate B) cash C) certificates of deposit D) bonds Bonds sold at a value above par are sold at a _____, and bonds sold at a value below par are sold at a _____ A) discount; markup B) premium; discount C) discount; premium D) markup; discount The coupon rate on a bond is the A) rate of interest everyone else receives on bonds of a similar nature. B) rate of interest the lender agrees to pay the issuer on an annual basis. C) rate of interest the issuer agrees to pay the lender on a semiannual basis. D) rate of interest the issuer agrees to pay to the lender on an annual basis. Which of the following factors are subject to change due to company sales? A) retained earnings B) number of shares of common stock authorized C) stock at par D) additional paid in capital Preferred stockholders A) have a residual claim on assets. B) receive their dividend before common stockholders when I dividend is declared. C) must receive a dividend. D) have voting rights