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5.12 Quiz: Investments 1
Terms in this set (3)
You invest $6500 into a mutual fund that is expected to earn 6% per year.
how long will it take the fund to be worth $13,000?
Mrs. Trujillo bought 400 shares of a company's stock for $42.98/share. She pays a broker a commission of $16 to buy and sell stock. After one year, she sold all her shares, when they were worth $56.13/share.
what was her net gain?
Sal bought a $1000 bond that has a coupon rate of 7%. The bond will mature in 10 years.
how much interest will he receive semiannually?
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