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Assignment I (Part B)

# Assignment I (Part B) - AssignmentI(PartB COMM308 ,...

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Assignment I (Part B) COMM 308 In addition to the following problems, answer problems 1 to 30 which are in  Part A of the assignment. 31. The present value of an ordinary annuity is \$10,000. If it was an annuity due, what  would its present value be? (The interest rate is 10%) A. \$10,000 B. \$9,090.91 C. \$11,000 D. The question can’t be answered because the number of payments in the annuity is  not given. 32.  A bond with a coupon of 8% pays interest on December 31 and June 30. On  October 12, the quoted price was \$1038.42. What was the cash price of the bond? 33.  If the expected inflation rate goes up, which of the following is likely to go up?

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I. Nominal rate of interest II. Real rate of interest
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Assignment I (Part B) - AssignmentI(PartB COMM308 ,...

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