The proceeds from the sale of a $3500 four-year promissory note bearing interest at 5% compounded quarterly were $3612.31. The note was discounted to yield 6.8% compounded semiannually. When was the note sold?

Payments of $850 and $1,140 were scheduled to be paid today and nine months from now, respectively. What total payment today would place the payee in the same financial position as the scheduled payments? Money can earn 8.25%.

A perfectly balanced coin is tossed 6 times, and tails appears on all six tosses.Then, on the seventh trial

A) tail can not appear.
B) head has a larger chance of appearing than tail.
C) tail has a better chance of appearing than head.
D) tail has same chance of appearing as the head.

A Government of Canada bond will pay $50 at the end of every six months for the next 15 years and an additional $1,000 lump payment at the end of the 15 years. What is the appropriate price to pay if you require a rate of return of 6.5% compounded semi-annually?