1. You plan to invest in bonds that pay 7.0%, compounded annually. If you invest $10,000 today, how many years will it take for your investment to grow to $25,000?
15.41
18.08
15.73
13.54
2. A bond which has a deferred call
can be retired at any time during the initial call period but after that time can not be redeemed prior to maturity.
does not have to be redeemed when it reaches maturity.
can be retired at any time prior to maturity provided six months notice is given.
cannot be retired for a specific period of time after which it can be retired at any time.