1. An annual payment loan of 65,000 is made for a term of 10 years at 7.3%. The lender only wants interest payments until the end of year 10 when a balloon payment is made. The borrower will make annual year-end deposits into a sinking fund earning 4.8%. Find:
(a) The level sinking fund deposit;
(b) the balance in the sinking fund at time 5; and
(c) the total payment and the principal in the 6th payment.
2. The closing Arms (TRIN) ratio is the ratio of
A. The number of advancing stocks to the number of declining stocks.
B. The number of declining stocks to the number of advancing stocks.
C. Average trading volume in NYSE stocks to NASDAQ stocks.
D. Average trading volume in declining stocks to advancing stocks.