1. Disregarding risk, if money has time value, is it possible for the future value of a given sum to exceed its present value? Yes or No and why?
2. Knight, Inc., has issued a three-year bond that pays a coupon rate of 6.84 percent. Coupon payments are made semiannually. Given the market rate of interest of 4.97 percent, what is the market value of the bond? (Round answer to 2 decimal places).
3. For this performance assessment you will write a two-page essay comparing the pros and cons of electronic banking and the expanded electronic delivery of services in relation to traditional bank products and delivery channels.