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How much did Ivana spend in Bulgarian Lev

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Reference no: EM132968162

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1. Last year, Noah purchased 64 shares of Stock A at $51 per share, 84 shares of Stock B at $85 per share, and a four-year $3500 bond with an 11.83% coupon for $3550. Noah sold both stocks today. Stock A is worth $58 per share and Stock B has a value of $90 per share. Assuming neither stock paid a dividend, which investment has the highest rate of return?

A.Stock A

B.Stock B

C.Bond

D.Stock A and Stock B

2. Last year, Norris purchased 56 shares of Stock A at $77 per share, 64 shares of Stock B at $45 per share, and a four-year $7500 bond with a 12.47% coupon for $6350. Norris sold both stocks today. Stock A is worth $83 per share and Stock B has a value of $49 per share. Assuming neither stock paid a dividend, which investment has the highest rate of return?

A.Stock A

B.Stock B

C.Bond

D.Stock A and Stock B

3. Janel is a Latvian student visiting family in the United States. She spent $176 on dinner for her family one evening. If the exchange rate that day is USD to LVL = 0.49, approximately how much did Janel spend in Latvian Lat.

A.28

B.86

C.262

D.359

4. Ivana is a Bulgarian student visiting family in the United States. She spent $225 on dinner for her family one evening. If the exchange rate that day is USD to BGN = 1.35, approximately how much did Ivana spend in Bulgarian Lev?

A.60

B.167

C.226

D.304

5. Lauren will make annual contributions in the amount of $4,500, on average, to a 401(k) over the next 36 years. Her employer will match 75% of her contributions. She is currently being taxed at 35%, but anticipates being taxed at 28% upon retirement. If her account grows at an average rate of 6.2% annually, what is the value of Lauren's 401(k) upon retirement?

A.$403,396.71

B.$637,310.77

C.$705,944.24

D.$923,778.11

6. Lauren will make annual contributions in the amount of $4,255, on average, to a 401(k) over the next 39 years. Her employer will match 80% of her contributions. She is currently being taxed at 28%, but anticipates being taxed at 10% upon retirement. If her account grows at an average rate of 4.2% annually, what is the value of Lauren's 401(k) upon retirement?

A.$652,472.84

B.$641,333.54

C.$485,729.78

D.$362,484.91

Reference no: EM132968162

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