The "Little Tucker Act" provides federal district courts concurrent jurisdiction in
certain cases with the Claims Court when the amount in controversy is under:
a. $10,000
b. $15,000
c. $20,000
d. $25,000
a
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Which one of the following statements about zero coupon bonds is NOT true?
A) Zero coupon bonds have no coupon payments but promise a single payment at maturity. B) Zero coupon bonds must sell for less than similar bonds that make periodic coupon payments. C) Zero coupon bonds make coupon payments but no principal payment at maturity. D) All of the above statements are true.
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What is the PV of the following payment stream, discounted at 9% annually: $2,800 at the end of year 1, $3,800 at the end of year 2, and $4,800 at the end of year 3?
a. $9,473.67 b. $9,694.67 c. $9,764.17 d. 9,688.42
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