Consider a bond that pays 10% semiannually and has 6 years to maturity. The market requires an interest rate of 12% on bonds of this risk. What is this bond's price?

If the long-run elasticity of demand for residential electricity is unitary, the short-run demand is likely to be ______.

An investor invests 30 percent of his wealth in a risky asset with an expected rate of return of 15 percent and a variance of 400 and 70 percent in a T-bill that pays 6 percent. His portfolio's expected return and standard deviation are __________ and __________, respectively.

Which of the following represents the correct method of constructing common-sized financial statements?

Which of the following statements is (are) true with respect to the nature of bonds?
I). For premium bonds, its yield to maturity is always lower than its current yield.
II). For discount bonds, the duration equals the maturity of the bond.
III). Since longer term interest rates are more stable than shorter term interest rates, longer term bonds are less price sensitive than shorter term bonds.
IV). Not even U.S. government bonds are immune from interest rate risk.