. 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?
. Janice has $5,000 invested in a bank that pays 3.8% annually. How long will it take for her funds to triple?
. Bob has $2,500 invested in a bank that pays 4% annually. How long will it take for his funds to double?
. 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?
This question was asked on Aug 12, 2011.
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