1. You have purchased 100 shares of a stock for $25 per share. The firm has just split the stock which is now selling for $80 per share. The split for 3 is one. You now own
a. 100 shares priced at $240 per share
b. 300 shares now priced at $25 per share
c. 33.333 shares priced at $240 per share
d. 100 shares now priced at 26.67 per share
e. None of the answers provided is correct
2. If a security that matures in 91 days has a money market yield of 3.6%, what is the security's bond-equivalent yield?
a. 2.75%
b. 3.55%
c. 2.71%
d. 3.65%