1 ANSWER SHEET Do not remove the staple Finance 550 –Sandeep Dahiya and Lee Pinkowitz MIDTERM EXAM October 17th, 2015 Last Name:___________________________ First Name____________________ CIRCLE Class Time: 8:00 A.M 9:30 A.M. 2:00 P.M. 3:30 P.M. Please read the following instructions carefully: (i)Put all your solutions and work on THIS answer sheet. We cannot give partial credit for things not written.(ii)Read the questions completely and carefully. Make sure you understand what is being asked before launching into calculations.(iii)Please put your final answers in the boxes that are provided. (iv)For dollar figures, you can round to the nearest cent. For rates, carry computations out 4 places (i.e. 0.0123 =1.23%) (v)The exam totals 125 points. You have 180 minutes to complete the exam. Allocate your time wisely. Use the number of points assigned to each question as your guide. (vi)Check that there are 9 pages and 4 sections in your booklet (12 questions) (vii)In order to get partial credit, we recommend that you: (1) attempt all questions; (2) show detailed calculations, time lines, etc; (3) write out the inputs you used if you are using a financial calculator. Make sure you write legibly, if we cannot read your work/answer, it is wrong. (viii)Resist the temptation to answer questions with a “shotgun” approach. Incorrect statements, even if they are irrelevant to the problem you are answering, will be penalized.