Suppose You Deposit $10,000 on March 21 in a Fund

question 93

Multiple Choice

Suppose you deposit $10,000 on March 21 in a fund earning simple interest at r = 13%.How much will you have exactly 6 months later?

• A)$10,664.44
• B)$10,658.91
• C)$10,655.34
• D)$10,650.00

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Definitions:

Book Value Per Share

A financial measure that divides a company's book value by its number of outstanding shares, indicating the equity value per share.

Common Equity

The amount of funds contributed by shareholders plus the retained earnings within a company, representing ownership in the business.

Net Income

The net earnings a company obtains once all costs and taxes are subtracted from its income.

Net Cash Flow

The measure of a company's financial health, showing the cash generated or used in its business activities during a specific timeframe, restated to avoid repetition.