1. Your Grandma is giving you $160 a month for 4 years while you are in your study abroad program. At a 5 percent discount rate, what are these payments worth to you when you leave the country for that program?
$6,947.67
$6,778.67
$7,156.67
$5,620.00
$7,680.00
2. On average, the market compensates investors for taking
A Nondiversifiable, aka market risk
B diversifiable risk
C Firm-specific risk
D None of the other responses are correct