1. A _______ is a long-term debt instrument that promises to pay interest periodically as well as a principal amount at maturity to the investor. (answer is one word, four letters)

2. The rate used to determine the amount of cash the investor receives is the ______ rate. (answer is one word, six letters)

3. The interest rate bond investors expect for their investment is the ______ i rate of interest. (answer is one word, six letters)

4. A company issues 10% bonds at a time when other bonds of similar risk are paying 12%. These bonds will sell at a ________________. (one word, eight letters)

5. A company issues 10% bonds at a time when other bonds of similar risk are paying 8%. These bonds will sell at a ________________. (one word, seven letters)

6. Payment for the use of money is (one word, 8 letters)

7. A series of equal dollar amounts to be paid or received at evenly spaced time intervals is a (or an)

-discount

-future value

-present value

-annuity

8. For a single payment: what is the present value factor for four periods at a discount rate of 11%?

9. For a single payment: what is the present value factor for sixteen periods at a discount rate of 10%?

10. For a single payment: what is the present value factor for one period at a discount rate of 10%?

11. For an annuity: what is the present value factor for nine periods at a discount rate of 12%?

12.For an annuity: what is the present value factor for twenty periods at a discount rate of 8%?

13. For an annuity: what is the present value factor for five periods at a discount rate of 8%?