rs will automatically save as you proceed through the test.

$!$ You can do it$!$ Good luck! You have $60$ minutes.

NOTE: You should take the exam in full screen, have a calculator, p$$per$,$ and pencil handy. Turn off notifications. If you exit

m full screen, switch tabs$,$ and$/$or try to capture the screen, you will be blocked from taking the exam.

Question $1$

The central bank is selling $$100$ worth of bonds payable in one year. The price it gets today is $$95.$ What is the implicit interest

rate? $($If you get $0\mathrm{.}0112,$ please write $1\mathrm{.}12)$

Typed numeric answer will be automatically saved.