What is the effective interest rate of a simple discount note for 3,500 at a bank discount rate of 11, for 24 months? (Round to the nearest tenth percent)
A) 11.0
B) 22.0
C) 28.2
D) 14.1
Q. 2Helping Hand Industries paid a dividend of 0.40 per share last year. If yesterday's closing price was 19.05, what is the current yield on the stock? (Round to nearest tenth)
A) 17.2
B) 6.3
C) 2.1
D) 1.6
Q. 3If you sign a discount note for 2,500 at a bank discount rate of 7, for 3 months, what is the effective interest rate? (Round to the nearest tenth percent)
A) 7.0
B) 7.1
C) 7.3
D) 7.5
Q. 4Cornware Distributing paid a dividend of 0.08, 0.21, 0.11 and 0.17 per share respectively last year. If yesterday's closing price was 35.40, what is the current yield on the stock? (Round to the nearest tenth)
A) 3.4
B) 1.6
C) 4.5
D) 5.2
Q. 5You sign a simple discount promissory note for 7,000 at a discount rate of 5, for 30 months. What are the proceeds?
A) 6,125
B) 7,875
C) 875
D) 3,500
Q. 6Light Fixtures Inc paid a dividend of 7.20 per share last year. If yesterday's closing price was 88.24, what is the current yield on the stock? (Round to nearest tenth)
A) 8.2
B) 11.0
C) 5.2
D) 2.3
Quick Reply
