. Suppose the U.S. Treasury offers to sell you a bond for $747.25. No payments will be made until the bond matures 5 years from now, at which time it will be redeemed for $1,000. What interest rate would you earn if you bought this bond at the offer price?

a. 4.37%

b. 4.86%

c. 5.40%

d. 6.00%

e. 6.60%

Finding N

. Janice has $5,000 invested in a bank that pays 3.8% annually. How long will it take for her funds to triple?

a. 23.99

b. 25.26

c. 26.58

d. 27.98

e. 29.46

Finding N

. Bob has $2,500 invested in a bank that pays 4% annually. How long will it take for his funds to double?

a. 14.39

b. 15.15

c. 15.95

d. 16.79

e. 17.67

Finding N

. Last year Thomson Inc's earnings per share were $3.50, and its growth rate during the prior 5 years was 9.0% per year. If that growth rate were maintained, how many years would it take for Thomson’s EPS to triple?

a. 9.29

b. 10.33

c. 11.47

d. 12.75

e. 14.02

## This question was asked on Aug 12, 2011.

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