Which financial instrument does not have an active, Financial Management

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Which financial instrument does not have an active

1. Which financial instrument does not have an active secondary market?

A. futures contract

B. Options contract

C. Forward contract

D. Non of the above

2. Big Dom's Pawn Shop charges an interest rate of 17 percent per month on loans to its customers. Like all lenders, Big Dom must report an APR to consumers. What rate should the shop report? What is the effective annual rate?

3. An investment offers to triple your money in 27 months. What rate (in percent) per three months are you being offered?

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Financial Management: Which financial instrument does not have an active

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