1: You borrowed $2,500 at 9.2 percent compounded annually. Your payments are $500 at the end of each year. How many years will you make payments on the loan? a. 5 years b. 6 years c. 7 years d. Syears 2: You own a bond issued by the CP railroad that promises to pay the holder $100 annually forever. You plan to sell the bond three years from now. If similar investments yield 6 percent at that time, how much will the bond be worth? a. $913.79 6. $1,333.34 c. $1,655.57 d. $1,739.42 3: The preferred stock of Jay's Comics currently sells for $23.25 per share. The annual dividend of $1.51] is xed. Assuming a constant dividend forever, what is the rate of return on this stock? a. 3.49 percent b. 6.45 percent c. 8.06 percent d. 8.50 percent 4: You deposit $500 in an account today. You will deposit $551] at the end of each month for the next 12 months and $700 at the end of each month for the following 12 months. How much interest will you have earned in 2 years if the account pays 4.5 percent compounded monthly? a. $669.30 In. $727.65 c. $749.42 d. 5862.57