9Q1. Vega research has been conducting investor polls for Third State Bank. They have found the most investors are not willing to tie up their money in a 1-year (2-year) CD unless they receive at least 1.0% (1.5%) more than they would on an ordinary savings account. If the savings account rate is 3%, and the bank wants to raise funds with 2-year CDs, the yield must be at least: A) 4.5%, and this represents a required rate of return. B) 4.0%, and this represents a required rate of return. C) 4.5%, and this represents a discount rate.
Q2. Selmer Jones has just inherited some money and wants to set some of it aside for a vacation in Hawaii one year from today. His bank will pay him 5% interest on any funds he deposits. In order to determine how much of the money must be set aside and held for the trip, he should use the 5% as a: A) required rate of return. B) opportunity cost. C) discount rate.
Q3. Wei Zhang has funds on deposit with Iron
Range bank. The funds are currently earning 6% interest. If he withdraws $15,000 to purchase an automobile, the 6% interest rate can be best thought of as a(n): A) opportunity cost. B) financing cost. C) discount rate.
[此贴子已经被作者于2008-12-29 16:59:39编辑过] | 
发表于 2008-12-29 16:23
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