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You buy a 8-year $1,000 par value 4.50% annual-payment coupon bond priced to yield 6.50%. You do not sell the bond at year-end. If you are in a 15% tax bracket, at year-end you will owe taxes on this investment equal to __________.

Her tale opens with a violent crime. What does the knight do?

After his year is up, the knight encounters someone on the journey home that makes a deal to tell him the secret if he does whatever this person wants. Who is this person?

A pension fund has an average duration of its liabilities equal to 15 years. The fund is looking at 6-year maturity zero-coupon bonds and 5% yield perpetuities to immunize its interest rate risk. How much of its portfolio should it allocate to the zero-coupon bonds to immunize if there are no other assets funding the plan?

The CAL provided by combinations of 1-month T-bills and a broad index of common stocks is called the __________.

You have a $44,000 portfolio consisting of Intel, GE, and Con Edison. You put $21,600 in Intel, $9,600 in GE, and the rest in Con Edison. Intel, GE, and Con Edison have betas of 1.3, 1, and 0.8, respectively. What is your portfolio beta?

Assuming semiannual compounding, a 15-year zero coupon bond with a par value of $1,000 and a required return of 12.2% would be priced at __________.

Who is credited with discovering Louisiana?  What is the name of the first Spanish settlement in Florida?  What is the name of the English explorer who sailed up Hudson River under contract with the Dutch East India Company?  What was the purchase price of the Louisiana Purchase?  How did the War of the Jenkins Ear start?   

You invest $1,100 in security A with a beta of 1.1 and $900 in security B with a beta of 0.4. The beta of this portfolio is __________.

Which of the following is NOT true of the American Revolution?