Ernst and Gunter are planning for their eventual retirement from the magic business. They plan to make quarterly deposits of $2,000 into an IRA starting three months from today. The guaranteed annual interest rate is 4 percent, compounded quarterly. They plan to retire in 15 years. a. How much money will be in their retirement account when they retire

Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.