Rank the following option-free bonds based on their reinvestment risk, from the highest to the lowest:

Bond U: a 20-year zero-coupon bond

Bond V: a 20-year 8% coupon bond

Bond W: a 2-year 8% coupon bond.

Please order the following stocks by your expectation of their total return (from highest to lowest).

（Based on what to judge the expectation of their total return?）

On April 1 1992, NJ increased its minimum wage to $5.05, at the time the highest minimum wage in the country. David Card and Alan Krueger saw an opportunity to understand how the minimum wage affects employment. They surveyed fast food restaurants in February 1992 (before increase) and November 1992 (after increase) in both NJ and in PA (which did not change its minimum wage in this time period). The survey asked how many employees they had. They then ran the following regression:

Employees = α + β1NJ + β2November + β3(NJ × November) + ϵ

Where NJ = 1 if the restaurant is in NJ and = 0 if in PA; November = 1 if the response is from November (after increase) and = 0 if response is from February (before increase); Employees are the number of full-time employees. They estimated that: βˆ 3 = 2.76 with a standard error of 1.36

a) What is the t-statistic for the estimate of βˆ 3? Given that our sample size is large, how is the t-statistic distributed? How do you know this?

b) Is βˆ 3 significant at the 5% level? How do you know? Why did you make the comparison you did to answer this?

c) How do you interpret β3?

d) Why were (some) economists surprised by this result?

1) Which of the following types of electromagnetic waves has the highest frequency.

Group of answer choices

Microwave

Radio Wave

Infrared

X-ray

Visible Light

2)

In a vacuum, which of the following statements is true about red and blue visible light.

Group of answer choices

The red light travels slower than the blue light.

The red light has a longer wavelength than the blue light.

The red light and the blue light have equal frequencies.

Both the red light and the blue light have a higher wavelength than radio waves.

Both the red light and the blue light have a higher frequency than yellow light

3)

An RL circuit has a 10 H inductor along with two resistors that are 2 ohms and 5 ohms, all connected in series with a 20 V battery. At the moment the circuit is connected, what is the current across the 2 ohm resistor?

Which of the following accounts has the highest EAR?

Rank the following three stocks by their level of total risk, highest to lowest.

Baker Co. has an average return of 13 percent and standard deviation of 26

percent. The average return and standard deviation of Able Co. are 15 percent and

34 percent; and of Catco Co. are 9 percent and 19 percent." (Cornett, Adair, &

Nofsinger, 2016). Describe the components of the standard deviation formula.

Which of the following bank certificates of deposit (CD) will give you the highest future value for a given investment over 3 years?

Group of answer choices:

A. A CD paying 3% nominal annual interest with semi-annual compounding.

B. A CD paying 3.5% nominal annual interest with daily compounding.

C. A CD paying 3.5% nominal annual interest with quarterly compounding.

D. A CD paying 3% nominal annual interest with annual compounding.

What z-score value separates the highest 15% of the scores in a normal distribution from the lower 85%? (Note: use the closest value to the top 15% listed in the Un Normal table)