UNIVERSITY OF MODERN SCIENCE2015SectionAObjective Type Question1.If firm receives a cash flow from an investment that will increase by 10 percent annually for an infinite number ofyears. This cash flow stream is called
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2.Trevor Smith wants to have a million dollars at retirement, which is 15 years away. He already has $200,000 in an IRAearning 8 percent annually. How much does he need to save each year, beginning at the end of this year to reach histarget? Assume he could earn 8 percent on any investment he makes. (Round to the nearest dollar.)
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3.If you were to compare the returns of an individual stock to a market index, select the answer below that is most true.
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