Professor Smith sent a mail questionnaire to 2,000 subjects. Smith told subjects that their responses would be anonymous. After the first mailing, 400 completed surveys were returned. For a follow-up mailing, Smith should mail

If an investment pays 10 percent interest compounded quarterly, its effective annual rate will also be 10 percent.

Rule 72 assumes an interest rate around 10.4% and says that money should double every 2 years.

You have just invested $5,000 in a stock market mutual fund that you think will generate a return of 10% per year. What is the anticipated future value of this investment in 10 years?

All else equal, the fair (or intrinsic) price should fall if the risk-free rate decreases according to the CAPM model.

A 5-year $100 annuity due will have a lower present value than a 5-year $100 ordinary annuity.

Suppose you invested $1,000 in stocks 10 years ago. If your account is now worth $2,839.42, what rate of return did your stocks earn?

A 5-year $100 annuity due will have a higher future value than a 5-year $100 ordinary annuity.

You are currently investing your money in a bank account which has a nominal annual rate of 20 percent, compounded annually. How many years will it take for you to triple your money?

Competitive positioning is often made at the __________________