Your Uncle Sam deposited $500 into a savings account on each birthday starting with your first. You have just turned 18 and want the money. Assuming you earned a five percent compounded annual return, how much is in the account right now? $7,024 $11,707 $12,558 $13,435 $14,066 It is easier to value a bond than it is to value a stock because: The life of an equity security is unlimited. O The future coupon cash flows of a bond are unknown. O The required market rate of return on a stock is known in advance. O The future dividend cash flows of a stock are known. O None of the above is correct