Find the price a purchaser should be willing to pay for the given bond. Assume that the coupon interest is paid twice a year.$30,000 bond with coupon rate 4.5% that matures in 5 years; current interest rate is 6.4%.
A. $21,893.96
B. $27,593.52
C. $28,268.52
D. $22,568.96
Answer: B
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Determine the Shapley-Shubik index of each voter in the weighted voting system[10 : 4, 4, 4]
A. C has index 
; A and B have index 
.
B. All have index 
.
C. B has index 
; A and C have index 
.
D. All have index 
.
Graph the polynomial function. Use synthetic division and the remainder theorem to find the zeros.f(x)= x4 - 2x2 + 1 
A. 1, -1 (multiplicity 3);
B. -1 (multiplicity 4);
C. 0 (multiplicity 2), -1 (multiplicity 2);
D. 1 (multiplicity 2), -1 (multiplicity 2);
Find the expected value.Mr. Cameron is sponsoring an summer concert. He estimates that he will make $300,000 if it does not rain and make $60,000 if it does rain. The weather bureau predicts the chance of rain is 0.34 for the day of the concert. What are Mr. Cameron's expected concert earning?
A. $300,000 B. $360,000 C. $60,000 D. $218,400
Two cards are dealt without replacement from a well shuffled deck of cards. Find the probability that the first card is an ace or a jack.
What will be an ideal response?