Devon, 9 months, a child of average physical and cognitive development has always been slow to adapt to new situations. His mother says, “Devon has always overreacted to new situations and to any kind of stimuli. He has intense reactions and is bothered when things change in the routine. He has bowel difficulties, one minute constipation and the other diarrhea. He is hard to feed, because I never know what he will eat. He wakes up at 5 am one morning, 10 am another and then at 7 am the next day.” Devon also displays a low threshold of sensory reaction and a rather negative mood. You assume that Devon is a what type of child?

Oliver a two-year-old child attributes human-creating to all things, the sky, the moon, the sun, animals, and the tree outside his window. His mother is disturbed by his ideas, but we know that this passing phase of preoperational thought is called what?

(I) The average lifetime of a debt security’s stream of payments is called duration. (II) The duration of a portfolio is the weighted average of the durations of the individual securities, with the weights reflecting the proportion of the portfolio invested in each.

 What is the price of a 5% coupon bond with a face value of $1,000, an 8% yield to maturity, and ten years to maturity?

If you invest $20,000 and achieve an annual return of 15% for 30 years, the value of your investment will be____________         

Suppose you borrow $100,000 from a 30-year mortgage with interest rate of 11.4%. What will be the monthly payment?       

Suppose you had to choose between a 11% 30-year mortgage or an 10.2% mortgage with 3 discount points.  Assume you wished to borrow $[x]. What will be the monthly payment if you want to take the 3 discount points. (Please use 4 decimal points in your calculation and keep two decimal points in your answer. For example, your answer should be something like 879.46)

According to the Gordon growth model, what is an investor’s valuation of a stock whose current dividend is $1.00 per year if dividends are expected to grow at a constant rate of 10 percent over a long period of time and the investor’s required return is 15 percent?   

Adverse selection refers to those with high credit risks, being most aggressive in their search for funds.

Suppose that you purchase a [x]-day Treasury bill for $[y] that is worth $1,000 when it matures. The security’s annualized yield if held to maturity is about . (please provide the answer with 4 decimal points. For example, 0.0837)