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Chapter 6 Quiz winter 2010

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Question 1 0.5 out of 0.5 points Selected Answer: \$56,979 Correct Answer: \$56,979 Question 2 0.5 out of 0.5 points Wagster Corporation will invest \$25,000 every December 31st for the next six years starting on December 31, 2007. If the fund earns 10%,what amount will be in the fund on December 31, 2012? Answer Selected Answer: Correct Answer: Question 3 0.5 out of 0.5 points On January 2, 2009, Yetti Corporation wishes to issue \$2,000,000 (par value) of its 12%, 10-year bonds. The bonds pay interest annually on January 1. The current yield rate on such bonds is 10%. Compute the amount that Yetti will realize from the sale (issuance) of the bonds. Answer Selected Answer: Correct Answer: Question 4 0.5 out of 0.5 points Selected Answer: Correct Answer:

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Question 5 0 out of 0.5 points Wagster Corporation will invest \$25,000 every January 1st for the next six years starting on January 1, 2008. If the fund earns 10%,what amount will be in the fund on December 31, 2013?
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