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Test 1 - FIRE 314 SUMMER 2007 OPPORTUNITY#2 PLEASE READ...

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FIRE 314, SUMMER 2007, OPPORTUNITY #2, 8/6/07 PLEASE READ BEFORE CONTINUING 1) You are allowed one 8 1/2 x 11 sheet of notes. 2) You are allowed to use a hand-held calculator for calculations. 3) Please answer clearly. Clarity of presentation is considered part of the answer. Unclear or imprecise answers will not receive full credit. 4) Show all work in quantitative problems! No credit will be given if the chain of reasoning is not evident in the answer. IF YOU DON’T SHOW ME YOU’R WORK, I CAN’T GIVE PART CREDIT!!! 5) Any lapse of ethical behavior will result in a grade of zero for this exam. Small questions (4 pts. each) 1) Three services provided by Investment bankers are: ________________, _______________, and ____________. 2) The Secondary Markets are actually the ____________________________ of our economy. 3) If you place a sell order with a stop at 30, your stock will be sold _____________________. 4) You buy 100 shares of XYZ at $30.00/shr, using 50% margin. If the price of XYZ declines to $27.00/shr., your margin is ____________________. 5) You short 100 shares of ABC at $27.00/shr, using no margin. Three months later ABC pays a $1.00 dividend.
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