Eddie believes that a bond he is purchasing today has an effective annual discount rate of 11%. the bond has 3 remaining coupons of $560 each. the first coupon will be paid in 20 months, and each subsequent payment will be one year after. on the date of the last coupon payment the bond will pay out a face value of $15,000. what is the bond’s present value if eddie’s assumption of the discount rate is correct?
a. 10,336.9
b. 13,225.2
c. 14,680.0
d. 12,336.3
e. 11,5072

An annual marathon covers a route that has a distance of approximately 26 miles. winning times for this marathon are all over 2 hours. the following data are the minutes over 2 hours for the winning male runners over two periods of 20 years each. earlier period 14 12 15 22 13 10 19 13 9 14 20 18 16 20 23 12 18 17 6 13 recent period 7 11 7 14 8 9 11 14 8 7 9 8 7 9 9 9 9 8 10 8 (a) make a stem-and-leaf display for the minutes over 2 hours of the winning times for the earlier period. use two lines per stem. (use the tens digit as the stem and the ones digit as the leaf. enter none in any unused answer blanks. for more details, view how to split a stem.) minutes beyond 2 hours earlier period 0 1 2 (b) make a stem-and-leaf display for the minutes over 2 hours of the winning times for the recent period. use two lines per stem. (use the tens digit as the stem and the ones digit as the leaf. enter none in any unused answer blanks.) minutes beyond 2 hours recent period (c) compare the two distributions. how many times under 15 minutes are in each distribution