1 your grandmother invested one lump sum 17 years ago at, Ask an Expert

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1. Your grandmother invested one lump sum 17 years ago at 4.25% interest. Today, she gave you the proceeds of that investment which totaled %5539.92. How much did your grandmother originally invest?

A. $2700.00

B. $22730.30

C. $2750.00

D. $2768.40

2. An investor buys a 5% annual payment bond with three years to maturity. The bond has a yield-to-maturity of 4% and is currently priced at $103 per 100 of par. What is the bond’s Macaulay duration?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92678925

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