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1 ANSWER SHEET Do not remove the staple Finance 550 –Sandeep Dahiya and Lee Pinkowitz 2017 MIDTERM EXAM Last Name:_______________KEY_________ 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 190 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 11 pages and 6 sections in your booklet (16 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. (ix)If something is unclear or ambiguous, state your assumptions clearly and go ahead with answering the questions. In a multiple part problem, use the assumed answers to solve the later parts. This allows you to skip sections if you get stuck.(x)Good Luck I :________II :________III :________IV :________V :________VI :________VII:________Exam PointsTotal:________