Question: Question 1 (4 points) Saved Longer term mortgages usually have lower interest rates than shorter term mortgages. True False 13 Question 2 (4 points) The

 Question 1 (4 points) Saved Longer term mortgages usually have lower

Question 1 (4 points) Saved Longer term mortgages usually have lower interest rates than shorter term mortgages. True False 13 Question 2 (4 points) The shares of Toshak, Inc. are expected to generate the following possible returns over the next 12 months: Return -5% 5% 10% Probability 0.33 0.33 0.34 If the stock is currently trading at $25 per share, what is the expected price in one year. Assume that the stock pays no dividends. 24.02% 27.5% 25.85% 23%

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