Version

A: RED COVER
LAST NAME: ______________________ (as it appears on Ryerson ID)
FIRST NAME: _____________________ (as it appears on Ryerson ID)
Student #: ______________________

Instructions
1) Fill in your name and student# on the scantron form.
Do NOT just write the info, BUBBLE IT IN !!!!
2) Question #100:
i. Bubble in the a if you have Version A (RED COVER).
ii. Bubble in the e if you have Version E (BLUE BLUE).
iii. You get one mark automatically for following this instruction
3) Mark your answers on the scantron form (for grading purposes).
4) Only use pencil on the scantron form, and keep the form in good condition otherwise
it may not be read by the machine!
5) Hand in your scantron form, any work booklets or scrap pages, as well as this
questions booklet.
Note: Calculations using interest rates are correct to 4 positive decimal spaces (as described
in blackboard: i=0.15479% would be 0.001548). Calculations using dollar values were correct
to the penny. Some answers are rounded to the nearest integer but this is only for the final
answers, not the steps along the way. ALWAYS choose the BEST answer! ( .5 rounds upward)
If there turns out to be an error on the answer key then I will score the closest option among
the possible answers as correct.
Factor tables were used where possible except for the Compound Amount (F/P) and
Present Worth (P/F) factors.
Finally: Absolutely no speaking to other students during the exam. If found communicating,
both students papers will be confiscated and they will be given a grade of zero. Dont ignore
this particular rule. It will be followed.
(See factor tables for 2%, 3% and 9% at the back of exam)

Linear Interpolation Formula:

For two points on (i,PW): (i1,PW1) = (w,x) and (i2,PW2) = (y,z), the formula for (i*,0) is:
(i*,0) = (i*=y-(y-w)*(0-z)/(x-z), 0)

Quadratic Formula:
The solution to the quadratic equation aX2 + bX + c = 0 is X = [-b +/- (b2-4ac)1/2]/2a

The Chapter 4 formulas provided are:
Ik=r/M and ik=(1+r/M)C-1 and c*k=M (its your responsibility to know what i,r,M,c and k stand for!)

Version A (Red COVER)

Chapter 3

You are about to borrow $10,000 from a bank at an interest rate of 9% compounded annually.
You are required to make 10 equal annual end-of-the-year payments to pay off the loan.
1) What is the value of the annual payment?

a) Less than 1560
b) 1560-1562
c) 1562-1564
d) 1564-1566
e) More than 1566

2) What is interest payment in the 3rd year, I3? (round to the closest whole number)

a) 775 or lower
b) 776
c) 777
d) 778
e) 779 or higher

3) Suppose they are beginning-of-year payments instead of end-of-year payments. What is
the value of the annual payment now? (Note: payment structure is similar to the auto
leasing problems in Ch.4)

a) Less than 1425
b) 1425-1428
c) 1428-1431
d) 1431-1434
e) Greater than 1434

4) Returning to end-of-year payments. Suppose you are allowed a grace period of one year
without requiring any payment (but interest will accrue), so the first of your 10
repayments will be at t=2 instead of t=1. What is the annual payment?

a) Less than 1696
b) 1696-1697
c) 1697-1698
d) 1698-1699
e) More than 1699

5) Considering the grace period, suppose you skip the 5th payment, so there are now 9
equal payments with no payment at n=1 or n=6. What is the value of the payment to
pay off the loan? (Consider drawing a cash-flow diagram here)

a) Less than 1882
b) 1882-1884
c) 1884-1886
d) 1886-1888
e) More than 1888

6) Now returning to the basic problem, you decide to make 10 geometrically increasing
payments starting at n=2 and ending at n=11, which will increase by 9% per year. What
is the first payment in n=2, A1? (Consider drawing a cash-flow diagram here as well)

a) Less than 1181
b) 1181-1183
c) 1183-1185
d) 1185-1187
e) More than 1187

Chapter 4

7) Suppose the interest on the $10,000 debt is 8% compounding quarterly. You are still
making 10 annual end-of-year payments (from t=1 to t=10 where t counts years). What
is the annual payment?

a)
b)
c)
d)
e)

less than 1498

1498-1502
1502-1506
1506-1510
more than 1510

8) Continuing from Q#7, suppose that at the end of the 10 annual payments, you still owe
$4000. What is the annual payment you have made?

a) Less than 1228
b) 1228-1232
c) 1232-1236
d) 1236-1240
e) more than 1240

9) Suppose the $10,000 loan accrues interest at 8% compounded continuously and you
make no payments for 20 months. How much do you owe at the end of the 20 months?

a) Less than 1423
b) 1423-1424
c) 1424-1425
d) 1425-1426
e) 1426 or more

10) Suppose the interest rate in the first year is 6% compounded semi-annually, in the
second and third year it is 8% compounded quarterly, and in the fourth year it is 8%
compounded annually. If you make no payments for the 4 years, how much do you owe
in four years?

a) less that 13428
b) 13428-13432
c) 13432-13436
d) 13436-13440
e) more than 13440

11) Continuing from Q#10: Suppose you were going to make 3 equal payments to pay off
this loan. The first payment would be after 2 years (t=2), the second a year later (t=3)
and the third a year after that (t=4). What would be the value the payment? (Consider
drawing a cash-flow diagram here as well!)

a) 4126-4134
b) 4134-4142
c) 4142-4150
d) 4150-4158
e) None of the above

12) The Pokemon Corporation issued a new series of bonds on January 1, 2010. The bonds
were sold at par ($1000), have a 6% semi-annual coupon rate and mature on Dec.31,
2019 (10 years later). Coupon interest payments are paid semi-annually (on June 30 and
December 31).
On July 1st, 2015 (immediately after the 11th payment), assuming the level of interest
has fallen to 4% APR semi-annual, what is the selling price of the bond on that date?

a) 1077-1080
b) 1080-1083
c) 1083-1086
d) 1086-1089
e) none of the above

The bonus question (Q#16) builds off Q#12, so you can continue to Q#13 (Ch.5), or
skip ahead to the bonus now.

Chapter 5 (i=9% compounded annually for Q#13-15)

13) Consider the project that has a capital cost of $1million to build, a salvage value of
$200,000 in 10 years, and provides a positive cash flow of $300,000 annually. The
interest rate is 9% compounded annually. What is the discounted payback period
(assuming continuous cash flows, so as discussed in lecture and in the slides)?

a) Less than 4 years
b) 4 to 4.25 years
c) 4.25 to 4.5 years
d) 4.5 to 4.75 years
e) More than 4.75 years

14) Consider a pokemon card factory that costs $1million to build, has a salvage value of
$200,000 in 10 years, and O&M costs of $300,000 annually. The plant will produce
50,000 packs in the first year (t=1), increasing by 10,000 packs per year (140,000 packs
in t=10), but the plant must choose a price and keep it constant for the full 10 years.
What is the break-even price per pack (break-even means no profits over-all!)? i=9%

a) Less than $4.50
b) $4.50 to $4.70
c) $4.70 to $4.90
d) $4.90 to $5.10
e) more than $5.10

15) Suppose that running the pokemon factory requires you to purchase glitter (for the rare,
foil cards) under the following cost structure:
t=0: -1000 (notice its a negative cost)
t=1: 800
t=2: 700
t=3: 600
t=4: 500 (notice this is a negative cost, so its a gain)
You are planning to produce pokemon cards for 20 years so you will be required to run
this glitter purchasing scheme 5 times. What the Present Equivalent Cost of 20 years of
glitter? (Im asking you to find P in this question)

a) Less than 3220
b) 3220-3225
c) 3225-3230
d) 3230-3235
e) More than 3235

Bonus
16) Suppose the buyer of the bond in Q#12 paid $1056 on July 1st, 2015 for that bond (that is
NOT the answer for Q#12 by the way). What is the semi-annual YTM (yield to maturity) that
they will earn assuming they hold the bond to its maturity date?
a) 2%-2.25%
b) 2.25%-2.5%
c) 2.5%-2.75%
d) 2.75%-3%
e) None of the above

Input interest rate (%) =

2%

2%

N
1
2
3
4
5

Interest Factors for Discrete Compounding

Single Payment
Compound Present
Amount
W orth
Factor
Factor
(F/P,i,N)
(P/F,i,N)
1.0200
0.9804
1.0404
0.9612
1.0612
0.9423
1.0824
0.9238
1.1041
0.9057

Compound
Amount
Factor
(F/A,i,N)
1.0000
2.0200
3.0604
4.1216
5.2040

Equal Payment Series

Sinking
Present
Fund
W orth
Factor
Factor
(A/F,i,N)
(P/A,i,N)
1.0000
0.9804
0.4950
1.9416
0.3268
2.8839
0.2426
3.8077
0.1922
4.7135

Capital
Recovery
Factor
(A/P,i,N)
1.0200
0.5150
0.3468
0.2626
0.2122

2%
Gradient
Gradient
Uniform
Series
(A/G,i,N)
0.0000
0.4950
0.9868
1.4752
1.9604

Series
Gradient
Present
W orth
(P/G,i,N)
0.00000
0.96117
2.84581
5.61735
9.24027

N
1
2
3
4
5

6
7
8
9
10

1.1262
1.1487
1.1717
1.1951
1.2190

0.8880
0.8706
0.8535
0.8368
0.8203

6.3081
7.4343
8.5830
9.7546
10.9497

0.1585
0.1345
0.1165
0.1025
0.0913

5.6014
6.4720
7.3255
8.1622
8.9826

0.1785
0.1545
0.1365
0.1225
0.1113

2.4423
2.9208
3.3961
3.8681
4.3367

13.68013
18.90349
24.87792
31.57197
38.95510

6
7
8
9
10

11
12
13
14
15

1.2434
1.2682
1.2936
1.3195
1.3459

0.8043
0.7885
0.7730
0.7579
0.7430

12.1687
13.4121
14.6803
15.9739
17.2934

0.0822
0.0746
0.0681
0.0626
0.0578

9.7868
10.5753
11.3484
12.1062
12.8493

0.1022
0.0946
0.0881
0.0826
0.0778

4.8021
5.2642
5.7231
6.1786
6.6309

46.99773
55.67116
64.94755
74.79992
85.20213

11
12
13
14
15

16
17
18
19
20

1.3728
1.4002
1.4282
1.4568
1.4859

0.7284
0.7142
0.7002
0.6864
0.6730

18.6393
20.0121
21.4123
22.8406
24.2974

0.0537
0.0500
0.0467
0.0438
0.0412

13.5777
14.2919
14.9920
15.6785
16.3514

0.0737
0.0700
0.0667
0.0638
0.0612

7.0799
7.5256
7.9681
8.4073
8.8433

96.12881
107.55542
119.45813
131.81388
144.60033

16
17
18
19
20

21
22
23
24
25

1.5157
1.5460
1.5769
1.6084
1.6406

0.6598
0.6468
0.6342
0.6217
0.6095

25.7833
27.2990
28.8450
30.4219
32.0303

0.0388
0.0366
0.0347
0.0329
0.0312

17.0112
17.6580
18.2922
18.9139
19.5235

0.0588
0.0566
0.0547
0.0529
0.0512

9.2760
9.7055
10.1317
10.5547
10.9745

157.79585
171.37947
185.33090
199.63049
214.25924

21
22
23
24
25

26
27
28
29
30

1.6734
1.7069
1.7410
1.7758
1.8114

0.5976
0.5859
0.5744
0.5631
0.5521

33.6709
35.3443
37.0512
38.7922
40.5681

0.0297
0.0283
0.0270
0.0258
0.0246

20.1210
20.7069
21.2813
21.8444
22.3965

0.0497
0.0483
0.0470
0.0458
0.0446

11.3910
11.8043
12.2145
12.6214
13.0251

229.19872
244.43113
259.93924
275.70639
291.71644

26
27
28
29
30

31
32
33
34
35

1.8476
1.8845
1.9222
1.9607
1.9999

0.5412
0.5306
0.5202
0.5100
0.5000

42.3794
44.2270
46.1116
48.0338
49.9945

0.0236
0.0226
0.0217
0.0208
0.0200

22.9377
23.4683
23.9886
24.4986
24.9986

0.0436
0.0426
0.0417
0.0408
0.0400

13.4257
13.8230
14.2172
14.6083
14.9961

307.95382
324.40346
341.05077
357.88170
374.88264

31
32
33
34
35

40
45
50
55
60

2.2080
2.4379
2.6916
2.9717
3.2810

0.4529
0.4102
0.3715
0.3365
0.3048

60.4020
71.8927
84.5794
98.5865
114.0515

0.0166
0.0139
0.0118
0.0101
0.0088

27.3555
29.4902
31.4236
33.1748
34.7609

0.0366
0.0339
0.0318
0.0301
0.0288

16.8885
18.7034
20.4420
22.1057
23.6961

461.99313
551.56519
642.36059
733.35269
823.69753

40
45
50
55
60

65
70
75
80
85

3.6225
3.9996
4.4158
4.8754
5.3829

0.2761
0.2500
0.2265
0.2051
0.1858

131.126
149.978
170.792
193.772
219.144

0.0076
0.0067
0.0059
0.0052
0.0046

36.1975
37.4986
38.6771
39.7445
40.7113

0.0276
0.0267
0.0259
0.0252
0.0246

25.2147
26.6632
28.0434
29.3572
30.6064

912.70854
999.83432
1084.63929
1166.78677
1246.02415

65
70
75
80
85

90
95
100

5.9431
6.5617
7.2446

0.1683
0.1524
0.1380

247.157
278.085
312.232

0.0040
0.0036
0.0032

41.5869
42.3800
43.0984

0.0240
0.0236
0.0232

31.7929
32.9189
33.9863

1322.17008
1395.10327
1464.75275

90
95
100

Input interest rate (%) =

3%

3%

N
1
2
3
4
5

Interest Factors for Discrete Compounding

Single Payment
Compound Present
Amount
W orth
Factor
Factor
(F/P,i,N)
(P/F,i,N)
1.0300
0.9709
1.0609
0.9426
1.0927
0.9151
1.1255
0.8885
1.1593
0.8626

Compound
Amount
Factor
(F/A,i,N)
1.0000
2.0300
3.0909
4.1836
5.3091

Equal Payment Series

Sinking
Present
Fund
W orth
Factor
Factor
(A/F,i,N)
(P/A,i,N)
1.0000
0.9709
0.4926
1.9135
0.3235
2.8286
0.2390
3.7171
0.1884
4.5797

Capital
Recovery
Factor
(A/P,i,N)
1.0300
0.5226
0.3535
0.2690
0.2184

3%
Gradient
Gradient
Uniform
Series
(A/G,i,N)
0.0000
0.4926
0.9803
1.4631
1.9409

Series
Gradient
Present
W orth
(P/G,i,N)
0.00000
0.94260
2.77288
5.43834
8.88878

N
1
2
3
4
5

6
7
8
9
10

1.1941
1.2299
1.2668
1.3048
1.3439

0.8375
0.8131
0.7894
0.7664
0.7441

6.4684
7.6625
8.8923
10.1591
11.4639

0.1546
0.1305
0.1125
0.0984
0.0872

5.4172
6.2303
7.0197
7.7861
8.5302

0.1846
0.1605
0.1425
0.1284
0.1172

2.4138
2.8819
3.3450
3.8032
4.2565

13.07620
17.95475
23.48061
29.61194
36.30879

6
7
8
9
10

11
12
13
14
15

1.3842
1.4258
1.4685
1.5126
1.5580

0.7224
0.7014
0.6810
0.6611
0.6419

12.8078
14.1920
15.6178
17.0863
18.5989

0.0781
0.0705
0.0640
0.0585
0.0538

9.2526
9.9540
10.6350
11.2961
11.9379

0.1081
0.1005
0.0940
0.0885
0.0838

4.7049
5.1485
5.5872
6.0210
6.4500

43.53300
51.24818
59.41960
68.01413
77.00020

11
12
13
14
15

16
17
18
19
20

1.6047
1.6528
1.7024
1.7535
1.8061

0.6232
0.6050
0.5874
0.5703
0.5537

20.1569
21.7616
23.4144
25.1169
26.8704

0.0496
0.0460
0.0427
0.0398
0.0372

12.5611
13.1661
13.7535
14.3238
14.8775

0.0796
0.0760
0.0727
0.0698
0.0672

6.8742
7.2936
7.7081
8.1179
8.5229

86.34770
96.02796
106.01367
116.27882
126.79866

16
17
18
19
20

21
22
23
24
25

1.8603
1.9161
1.9736
2.0328
2.0938

0.5375
0.5219
0.5067
0.4919
0.4776

28.6765
30.5368
32.4529
34.4265
36.4593

0.0349
0.0327
0.0308
0.0290
0.0274

15.4150
15.9369
16.4436
16.9355
17.4131

0.0649
0.0627
0.0608
0.0590
0.0574

8.9231
9.3186
9.7093
10.0954
10.4768

137.54964
148.50939
159.65661
170.97108
182.43362

21
22
23
24
25

26
27
28
29
30

2.1566
2.2213
2.2879
2.3566
2.4273

0.4637
0.4502
0.4371
0.4243
0.4120

38.5530
40.7096
42.9309
45.2189
47.5754

0.0259
0.0246
0.0233
0.0221
0.0210

17.8768
18.3270
18.7641
19.1885
19.6004

0.0559
0.0546
0.0533
0.0521
0.0510

10.8535
11.2255
11.5930
11.9558
12.3141

194.02598
205.73090
217.53197
229.41367
241.36129

26
27
28
29
30

31
32
33
34
35

2.5001
2.5751
2.6523
2.7319
2.8139

0.4000
0.3883
0.3770
0.3660
0.3554

50.0027
52.5028
55.0778
57.7302
60.4621

0.0200
0.0190
0.0182
0.0173
0.0165

20.0004
20.3888
20.7658
21.1318
21.4872

0.0500
0.0490
0.0482
0.0473
0.0465

12.6678
13.0169
13.3616
13.7018
14.0375

253.36090
265.39935
277.46419
289.54367
301.62670

31
32
33
34
35

40
45
50
55
60

3.2620
3.7816
4.3839
5.0821
5.8916

0.3066
0.2644
0.2281
0.1968
0.1697

75.4013
92.7199
112.7969
136.0716
163.0534

0.0133
0.0108
0.0089
0.0073
0.0061

23.1148
24.5187
25.7298
26.7744
27.6756

0.0433
0.0408
0.0389
0.0373
0.0361

15.6502
17.1556
18.5575
19.8600
21.0674

361.74994
420.63248
477.48033
531.74111
583.05261

40
45
50
55
60

65
70
75
80
85

6.8300
7.9178
9.1789
10.6409
12.3357

0.1464
0.1263
0.1089
0.0940
0.0811

194.333
230.594
272.631
321.363
377.857

0.0051
0.0043
0.0037
0.0031
0.0026

28.4529
29.1234
29.7018
30.2008
30.6312

0.0351
0.0343
0.0337
0.0331
0.0326

22.1841
23.2145
24.1634
25.0353
25.8349

631.20100
676.08687
717.69785
756.08652
791.35287

65
70
75
80
85

90
95
100

14.3005
16.5782
19.2186

0.0699
0.0603
0.0520

443.349
519.272
607.288

0.0023
0.0019
0.0016

31.0024
31.3227
31.5989

0.0323
0.0319
0.0316

26.5667
27.2351
27.8444

823.63021
853.07418
879.85405

90
95
100

Input interest rate (%) =

9%

9%

N
1
2
3
4
5

Interest Factors for Discrete Compounding

Single Payment
Compound Present
Amount
W orth
Factor
Factor
(F/P,i,N)
(P/F,i,N)
1.0900
0.9174
1.1881
0.8417
1.2950
0.7722
1.4116
0.7084
1.5386
0.6499

Compound
Amount
Factor
(F/A,i,N)
1.0000
2.0900
3.2781
4.5731
5.9847

Equal Payment Series

Sinking
Present
Fund
W orth
Factor
Factor
(A/F,i,N)
(P/A,i,N)
1.0000
0.9174
0.4785
1.7591
0.3051
2.5313
0.2187
3.2397
0.1671
3.8897

Capital
Recovery
Factor
(A/P,i,N)
1.0900
0.5685
0.3951
0.3087
0.2571

9%
Gradient
Gradient
Uniform
Series
(A/G,i,N)
0.0000
0.4785
0.9426
1.3925
1.8282

Series
Gradient
Present
W orth
(P/G,i,N)
0.00000
0.84168
2.38605
4.51132
7.11105

N
1
2
3
4
5

6
7
8
9
10

1.6771
1.8280
1.9926
2.1719
2.3674

0.5963
0.5470
0.5019
0.4604
0.4224

7.5233
9.2004
11.0285
13.0210
15.1929

0.1329
0.1087
0.0907
0.0768
0.0658

4.4859
5.0330
5.5348
5.9952
6.4177

0.2229
0.1987
0.1807
0.1668
0.1558

2.2498
2.6574
3.0512
3.4312
3.7978

10.09238
13.37459
16.88765
20.57108
24.37277

6
7
8
9
10

11
12
13
14
15

2.5804
2.8127
3.0658
3.3417
3.6425

0.3875
0.3555
0.3262
0.2992
0.2745

17.5603
20.1407
22.9534
26.0192
29.3609

0.0569
0.0497
0.0436
0.0384
0.0341

6.8052
7.1607
7.4869
7.7862
8.0607

0.1469
0.1397
0.1336
0.1284
0.1241

4.1510
4.4910
4.8182
5.1326
5.4346

28.24810
32.15898
36.07313
39.96333
43.80686

11
12
13
14
15

16
17
18
19
20

3.9703
4.3276
4.7171
5.1417
5.6044

0.2519
0.2311
0.2120
0.1945
0.1784

33.0034
36.9737
41.3013
46.0185
51.1601

0.0303
0.0270
0.0242
0.0217
0.0195

8.3126
8.5436
8.7556
8.9501
9.1285

0.1203
0.1170
0.1142
0.1117
0.1095

5.7245
6.0024
6.2687
6.5236
6.7674

47.58491
51.28208
54.88598
58.38679
61.77698

16
17
18
19
20

21
22
23
24
25

6.1088
6.6586
7.2579
7.9111
8.6231

0.1637
0.1502
0.1378
0.1264
0.1160

56.7645
62.8733
69.5319
76.7898
84.7009

0.0176
0.0159
0.0144
0.0130
0.0118

9.2922
9.4424
9.5802
9.7066
9.8226

0.1076
0.1059
0.1044
0.1030
0.1018

7.0006
7.2232
7.4357
7.6384
7.8316

65.05094
68.20475
71.23594
74.14326
76.92649

21
22
23
24
25

26
27
28
29
30

9.3992
10.2451
11.1671
12.1722
13.2677

0.1064
0.0976
0.0895
0.0822
0.0754

93.3240
102.7231
112.9682
124.1354
136.3075

0.0107
0.0097
0.0089
0.0081
0.0073

9.9290
10.0266
10.1161
10.1983
10.2737

0.1007
0.0997
0.0989
0.0981
0.0973

8.0156
8.1906
8.3571
8.5154
8.6657

79.58630
82.12410
84.54191
86.84224
89.02800

26
27
28
29
30

31
32
33
34
35

14.4618
15.7633
17.1820
18.7284
20.4140

0.0691
0.0634
0.0582
0.0534
0.0490

149.5752
164.0370
179.8003
196.9823
215.7108

0.0067
0.0061
0.0056
0.0051
0.0046

10.3428
10.4062
10.4644
10.5178
10.5668

0.0967
0.0961
0.0956
0.0951
0.0946

8.8083
8.9436
9.0718
9.1933
9.3083

91.10243
93.06902
94.93144
96.69346
98.35899

31
32
33
34
35

40
45
50
55
60

31.4094
48.3273
74.3575
114.4083
176.0313

0.0318
0.0207
0.0134
0.0087
0.0057

337.8824
525.8587
815.0836
1,260.0918
1,944.7921

0.0030
0.0019
0.0012
0.0008
0.0005

10.7574
10.8812
10.9617
11.0140
11.0480

0.0930
0.0919
0.0912
0.0908
0.0905

9.7957
10.1603
10.4295
10.6261
10.7683

105.37619
110.55607
114.32507
117.03621
118.96825

40
45
50
55
60

65
70
75
80
85

270.8460
416.7301
641.1909
986.5517
1,517.9320

0.0037
0.0024
0.0016
0.0010
0.0007

2,998.288
4,619.223
7,113.232
10,950.574
16,854.800

0.0003
0.0002
0.0001
0.0001
0.0001

11.0701
11.0844
11.0938
11.0998
11.1038

0.0903
0.0902
0.0901
0.0901
0.0901

10.8702
10.9427
10.9940
11.0299
11.0551

120.33443
121.29416
121.96458
122.43064
122.75327

65
70
75
80
85

90
95
100

2,335.5266
3,593.4971
5,529.0408

0.0004
0.0003
0.0002

25,939.184
39,916.635
61,422.675

0.0000
0.0000
0.0000

11.1064
11.1080
11.1091

0.0900
0.0900
0.0900

11.0726
11.0847
11.0930

122.97576
123.12869
123.23350

90
95
100