Ques. 29) You want to go to Europe 5 years from now, and you can save $3,100 per

Question

Ques. 29) You want to go to Europe 5 years from now, and you can save $3,100 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 8.5% per year. Under these conditions, how much would you have just after you make the 5th deposit, 5 years from now?
a. $18,369
b. $19,287
c. $20,251
d. $21,264
e. $22,327

Ques. 30) A portfolio with a level of systematic risk the same as that of the market has a beta that is:
a. equal to zero
b. equal to one
c. less than the beta of the risk-free asset
d. less than zero

Explanation / Answer

29. a) 18,369 3,100* (1.085)^4 +3,100*(1.085)^3+.........3,100 30. b) equal to 1

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