UOP FIN 571 Week 4 WileyPLUS Practice Quiz UOP
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Multiple Choice Question 71<br />
Future value of an annuity: Carlos Menendez is planning to invest $3,500 every year for the next six years in an<br />
investment paying 12 percent annually. What will be the amount he will have at the end of the six years? (Round<br />
to the nearest dollar.)<br />
$28,403<br />
$24,670<br />
$26,124<br />
$21,000<br />
Multiple Choice Question 61<br />
Bond price: Briar Corp is issuing a 10-year bond with a coupon rate of 7 percent. The interest rate for similar<br />
bonds is currently 9 percent. Assuming annual payments, what is the present value of the bond? (Round to the<br />
nearest dollar.)<br />
$990<br />
$872<br />
$1,066<br />
$945<br />
Multiple Choice Question 56<br />
PV of dividends: Cortez, Inc., is expecting to pay out a dividend of $2.50 next year. After that it expects its<br />
dividend to grow at 7 percent for the next four years. What is the present value of dividends over the next fiveyear<br />
period if the required rate of return is 10 percent?<br />
$10.76<br />
$11.50<br />
$9.80<br />
$11.88<br />
Multiple Choice Question 59
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