V. Deferred Annuities: Consider a single premium deferred annuity (SPDA) which promises 15 annual payments...
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V. Deferred Annuities: Consider a single premium deferred annuity (SPDA) which promises 15 annual payments of $20000, with the first payment to be made in 21 years from today. If the advertised EAR for the SPDA is 9%, what is the cost of the SPDA today?
VI. The Order Book: Consider the following order book for QLM stock. The last trade in the stock occurred at a price of $50.
Limit Buy Orders Limit Sell Orders Prices Shares Prices Shares $49.75 500 $50.25 100 $49.50 800 $51.50 100 $49.25 500 $54.75 300 $49.00 200 $58.25 100 $48.50 600 A. B. If a market buy order for 100 shares comes in, at what price will it be filled? At what price would the next market buy order (after the one for 100 shares) be filled
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