Use of Financial Calculator TI BA II Plus Required

question 87

Multiple Choice

Use of Financial Calculator TI BA II Plus required. The TSX index was valued at 1000 in 1984. Today (2008) it is valued at 13 144. What has been the annual return of the TSX over this time? (Assume that dates of valuation are the same.)

• A)10.8 percent
• B)15.6 percent
• C)11.3 percent
• D)12.2 percent

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Definitions:

Conditional Promises

Commitments that are contingent upon the occurrence of a specified event or situation.

Mutual Consideration

The exchange of value or promises that each party agrees to in a contractual agreement.

The Code

A term often used to refer to a specific body of systematic and comprehensive laws or regulations governing a particular area, such as the Uniform Commercial Code.

Illusory

Something that is deceptive or lacks real substance or existence.