Mid-term - Version 3 - For posting - York University...

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York UniversitySchulich School of BusinessIntroduction to Corporate Finance FINE 2000MidtermThursday, February 14, 2013Instructions:head2rightThere are 15 multiple choice questions, 3 problems and a formula sheet on the followingpages. Please examine your quiz booklet to ensure it is complete.head2rightAll process work & steps must be shown and will be awarded part marks.No marks willbe awarded if only the answer is provided.head2rightProcess includes either the calculator key strokes used or formulas and logic includingthe correct values in the right places.head2rightCalculators must be set such that the rate of return is the periodic rate.head2rightCalculate using 6 significant figures for absolute numbers and 4 significant figures forpercentages.head2rightThis is a closed book test (ensure all material is cleared from the desk)head2rightRead the questions carefully & answer all questions on the following pages.head2rightCalculators are permitted. Laptops, cell-phones, and other electronics arenotpermitted.head2rightTime allocation: 80minutes.Mark allocation: Shown on exam.Printyour name:___________________________________Signyour name:___________________________________Student Number: ___________________________________Nameof Instructor: ___________________________________Section:___________________________________
Good luck!Multiple Choice Questions (22.5 points, each question is worth 1.5 point)1.Corporate managers are expected to make corporate decisions that are in the best interest of:
2.Which of the following statements best distinguishes the difference between real andfinancial assets?
3.The opportunity cost of capital for a safe investment is:
4.According to the statement of cash flows, and assuming that the firm did not issue equity,cash flows from financing could be positive if:A. The firm repaid more debt than it addedB. The firm added more debt than it repaidC. Interest rates were low on outstanding debtD. The firm sold portions of its plant and equipment
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Term
Winter
Professor
GeorgeKlar
Tags
Balance Sheet, Time Value Of Money, Generally Accepted Accounting Principles

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