Exhibit 17 -Refer to Exhibit 17

question 43

Multiple Choice

Exhibit 17.1
Use the Information Below for the Following Problem(S)
$\begin{array}{ccc}\text { Company } & \text { Ticker } & \text { Coupon } & \text { Maturity}& \text { Last Price}& \text { Last Yield}& \text { EST Spread}& \text { UST}& \text { Est \$ Vol(000's) }\\\hline \text { Cen Fler } & \text { GE } & \text { 4.75 } & \text { 9/15/2019} & 99.544 & 4.808 & 62& 10 & 158736\end{array}$
-Refer to Exhibit 17.1.What price would you pay in dollars to purchase this bond?

• A) $62
• B) $9.954
• C) $48.08
• D) $99.544
• E) $995.44

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Definitions:

Mortgage

A loan secured by real property, typically used to purchase that property, where the borrower agrees to make payments to the lender over a set period.

Compounded Monthly

Interest is calculated and added to the total amount on a monthly basis, leading to faster growth due to more frequent compounding periods.

Present Value

The current assessment of a future sum of money or cash flows, given a designated return rate.

Compounded Quarterly

The calculation of interest on the principal amount and previously earned interest on a quarterly basis.