1. Bob has $2, 500 invested in a bank that pays 5.6% annually. How long will it take for his funds to double?
2. Staind, Inc., has 7 percent coupon bonds on the market that have 10 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 11 percent, what is the current bond price?
3. Simmons Inc. has a standard deviation of stock returns equal to 49%. The standard deviation of the market return is 26%. If the correlation between Simmons Inc. stock and the market is 0.6, then what is Simmons Inc.’s beta?