1. Average Return The past five monthly returns for K and Company are 5.65 percent, 5.53 percent, -.65 percent, 4.65 percent, and 8.65 percent. What is the average monthly return?

a) 4.766%

b) 2.094%

c) 1.986%

d) 5.026%

2. The market price of a bond is $875. The bonds have a 4.25% coupon rate paid semi-annually and mature in six years. What is current yield for this bond?

A. 8.9%

B. 4.3%

C. 4.8%

D. 9.2%