Question 606

You are trying to accumulate $5,000 in a savings account at the end of 4 years. The savings account pays 7% per year and you plan to make yearly deposits at the end of each year. How large must the deposits be?
  • Question 607

    If the Laspeyres index is 120, the Paasche index is 115, then the Fisher index is:
  • Question 608

    The Gaffe Company had net income of $1,500,000. Gaffe paid preferred dividends of $5 on each of the 100,000 preferred shares. Each preferred share is convertible into 20 common shares. There are 1 million Gaffe common shares outstanding. In addition to the common and preferred stock, Gaffe has $25 million of 4 percent bonds outstanding. If Gaffe's tax rate is 40 percent, what is its diluted earnings per share?
  • Question 609

    Changes in fiscal policy refer to changes in:
    I). Government expenditures.
    II). Tax policy.
    III). Money supply.
    IV). Fed interest rates.
    V. Borrowing money by issuing T-securities.
  • Question 610

    What is the area under the normal curve between z = 1.0 and z = 2.0?