1. What is the future value (in $) of $2189 in 13 years assuming an interest rate of 3.28 percent compounded quarterly?
2. What is the difference between the current yield and the yield to maturity on a bond?
3. Asset W has an expected return of 16.5 percent and a beta of 1.55. If the risk-free rate is 4.8 percent, what is the market risk premium? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)