Your sister paid $10,000 (CF at t = 0) for an investment that promises to pay $750 at the end of each of the next 5 years, then an additional lump sum payment of $10,000 at the end of the 5th year. What is the expected rate of return on this investment?
A. 6.77%
B. 7.13%
C. 7.50%
D. 7.88%
E. 8.27%
Answer: C
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In a working interview,
A) the candidate meets with an interviewer as the interviewer performs normal duties. B) no questions are asked—the candidate simply shows up and begins working so that those involved with the hiring decision can evaluate him or her. C) interviewers avoid asking about anything other than work: hobbies and other personal matters are not addressed. D) the candidate "shadows" several employees, and is asked to explain which job seems best and why. E) the candidate actually performs a job-related activity during the interview.
What type of event would cause two separate journal entries to be made?
A) Selling the good B) Transferring the good to Finished Goods C) Purchasing Raw Materials D) All of these E) None of these
Which sentence expresses numbers correctly?
A) Of the twelve apartments available, four offer a whirlpool bath in the master suite. B) Of the 12 apartments available, 4 offer a whirlpool bath in the master suite. C) Of the 12 apartments available, four offer a whirlpool bath in the master suite.
Since 2003, dividends have been taxed at the same rate as capital gains. As a result,
A) many companies have reduced the percentage of earnings paid out as dividends. B) many companies have increased the percentage of earnings paid out as dividends. C) tax rates have had little or no effect on dividend policies. D) more companies have replaced dividends with stock repurchase plans.