1. The March CBOT Treasury bond futures contract has a quoted price of 115'09. What is the implied annual interest rate inherent in this futures contract? 4.12% 4.80% 6.00% 9.59% None of the above
2. Tactics that firms use to avoid hostile take overs include all of the following except Getting a white knight to purchase stock in the firm poison pills Raising antitrust issues Selling additional stock None of the above
3. What is the present value of the following set of cash flows at an interest rate of 6%: $1,050 today, $2,500 at end of year 1, $3,000 at end of year 3, and $4,000 at end of year 5?