Which of the following are secured by collateral? A) ...

[stephzh]

Which of the following are secured by collateral?
 
  A)
 
  Mortgages bonds
  B)
 
  Only debentures
  C)
 
  Only subordinated debentures
  D)
 
  Debentures and subordinated debentures

Question 2

In January of 1997, the U.S. Consumer Price Index (CPI) stood at 159.1. By January of 2011, the level had risen to 220.2. What was the average annual rate of inflation over this time period as measured by the CPI?
 
  A) 2.35
  B) 3.31
  C) 2.97
  D) 2.60

[kristenb95]

Answer to Question 1

A

Answer to Question 2

Answer: A
Explanation: A) r = (FV/PV)1/n - 1 = (220.2/159.1)1/14 - 1 = 2.35
MODE = END
INPUT 14 ? -159.1 0 220.2
KEY N I/Y PV PMT FV
CPT 2.35

[stephzh]

Excellent

[alvinum]

Thanks for the timely response, appreciate it