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Author Question: Average U.S. wages in 1990 were 28,960, far larger than the average wage in 1930 of 1,970. What was ... (Read 19 times)

luvbio

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on: Jul 10, 2018
Average U.S. wages in 1990 were 28,960, far larger than the average wage in 1930 of 1,970. What was the average annual increase in wages over this 60-year period?
 
  A) 3.31
  B) 2.45
  C) 24.50
  D) 4.58

Question 2

Of the following three types of corporate bonds debentures, mortgage bonds, and subordinated debentures indicate the most secure and the least secure (in that order).
 
  A)
 
  debentures, subordinated debentures
  B)
 
  mortgage bonds, subordinated debentures
  C)
 
  subordinated debentures, debentures
  D)
 
  mortgage bonds, debentures


atrochim

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Reply #1 on: Jul 10, 2018
Answer to Question 1

Answer: D
Explanation: D) r = (FV/PV)1/n - 1 = (28,960/1,970)1/60 = 4.58
MODE = END
INPUT 60 ? -1,970 0 28,960
KEY N I/Y PV PMT FV
CPT 4.58

Answer to Question 2

B


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