Present value of the right to receive four equal payments

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Reference no: EM131350625

1. Which of the following statements about stock trading is correct?

A. The NASDAQ is a computer network, with no physical location for trading.

B. The number of NYSE exchange members is unlimited.

C. The NASDAQ uses a specialist system for actively traded stocks.

D. The NYSE does not have a physical location for stock trading activities.

2. What is the present value of the right to receive four equal payments (annuity due) of $1,000 per period, discounted at a rate of 10 percent per period? (Round your answer to the nearest cent.)

A. $1,909.09

C. $1,464.10

B. $3,486.85

D. $2,486.85

Reference no: EM131350625

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