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.
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?