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410 Quiz 1 completed

410 Quiz 1 completed - B The S&P 500 is currently...

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Quiz #1 1. The APR is 14% with semi-annual compounding. A) What is the effective six month rate? (2 points) .14/ 2 = 7% B) What is the effective annual rate? (3 points) (1.07)^2 = 1 +RA RA= 14.49% C) What is the effective two-month rate? (3 points) (1 + r)^1/6 =1 +.1449 r= 2.28% 2. Which of the following is most accurate? (2 points) A. The Dow Jones Index is currently around 2000.
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Unformatted text preview: B. The S&P 500 is currently around 2000. C . The Nasdaq Composite is currently around 2000 . I acknowledge I have followed the closed book, closed note, closed neighbor policy. ______________________________ (sign name) Name (print)__Eric Schneck _____________________ Section ______2 __________________________...
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