A Treasury bill purchased in December 2016 has 115 days until maturity and a bank discount yield of 2.43 percent. Assume a $100 face value.

a. What is the price of the bill as a percentage of face value? (Do not round intermediate calculations. Round your answer to 3 decimal places.)

b. What is the bond equivalent yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 3 decimal places.)

1. Perfectly competitive market. An individual firm has the following cost function:

TC = 36 + 2q +q2.  

1. Find the firm’s supply curve.

2. If there are 100 identical firms in the market, what is the market supply curve?

3. In the long run, how many units would each firm produce? What is the price in the long run?

4. What is each firm’s profit? Show this.

5. If the market demand= Qd = 614 - p, how many firms would be in the market?

Suppose we live in an economy with just one bank. Mary is the first customer of the bank and makes a deposit of $500. The required reserve ratio is 10%. (Show Work)

(a) What is the excess reserve amount? With this amount of excess reserve, is the bank allowed to make any loans?

(b) What is the maximum amount of loan that the bank can make if the borrower does not withdraw the money.

(c) What is the maximum amount of loan that the bank can make if the borrower decides to withdraw $100.

(d) What is the money multiplier?

Suppose a bank has $100 million of assets to invest in either risky or safe investments. The first option is to put all assets in the safe investment, which will result in a 5% return and yield $105 one year from now. A second option is to put all the assets in the risky option, which will result in either a 50% return ($150 million) or a 40% loss ($60 million) with equal probability.


If the bank can pay to insure itself against losses, what is the maximum it would be willing to pay under the risky option?

Simmons, Inc., is considering a new 4-year project that requires an initial fixed asset investment of $3.7 million. The fixed asset is eligible for 100 percent bonus depreciation in the first year. At the end of the project, the asset can be sold for $465,000. The project is expected to generate $3.3 million in annual sales, with annual expenses of $980,000. The project will require an initial investment of $515,000 in NWC that will be returned at the end of the project. The corporate tax rate is 22 and the project has a required return of 14 percent.

What is the NPV of the project?

The following table shows one month’s results from a public health clinic’s testing for a new strain of flu during a pandemic that were confirmed the following month. Examine the results and answer the first four questions.

Patients With               Patients Without

                                                            New Flu                     New Flu

Patients Testing Positive             200                            100

Patients Testing Negative             50                             700

Calculate the following probabilities:

1. P (Patient tested negative | Patient truly positive)
2. P (Patient tested positive | Patient truly negative)

Jesse borrowed $10,000 from Tony at an interest rate of 12% per year, compounded monthly. Jesse convinced

Tony to allow him to make monthly payments. The first payment was agreed upon to be $100 and it would be paid

exactly one month after receiving the $1

0,000. Jesse promised Tony that fu

ture monthly payments would increase

by 1% more than the previous payment. Given Jesse’s

monthly payment schedule, the number of months necessary

to completely pay off the loan is closest to

1. C++ program that will ask the user for how many test scores will be entered.
2. Setup a while loop with this loop iteration parameter. The data will include the student’s first name and midterm score
3. Print out the completed test scores to a file (midTermScores.txt) .
4. Print out list of students names and grades
5. in the print out, a letter grade should replace numeric score using standard grading (a = 90 – 100, b=80-90, c=70-80, d=60-70, f=below 60)

Aqueous solutions containing approximately 3 percent(w/w) H2O2 are sold in drug stores as a disinfectant. Determination of the actual concentration of H2O2 in a bottle of peroxide solution was done by diluting 1.00 mL to 100 mL with water, acidifying with dilute H2SO4 and titrating with a 0.01231 M KMnO4 solution. If 41.92 mL of the permangate solution was needed to reach the end point of the titration, what is the actual molar concentration of the H2O2 solution? Hint: Balance the reaction first: MnO4 - + H2O2 -> Mn2+ + O2 using half reactions