1. Define: (a) the stated, or quoted, or nominal rate (b) the periodic rate, and (c) the effective annual rate.
2. What is the value at the end of year 3 of receiving $100 once a year with an interest rate of 11% compounding semiannually and Is the stream an annuity?
3. You bought a bond five years ago for $903 per bond. The bond is now selling for $810. It also paid $75 in interest per year, which you reinvested in the bond. Calculate the realized rate of return earned on this bond. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Realized rate of return %