GMidTermW09_afternoon_soln -...

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ActSc 371  Midterm Test  (Afternoon session Type A) Aids: non-programmable Calculator  This examination contains:  5 MC questions (2 pts for each) = total 10 pts 3 WA questions (pts specified  at each question) = total  27 point TOTAL: 37 pts Last page is the formula sheet. Instruction: Multiple choice (MC) type: Circle your answer. Note that -0.5 pts will be given for the wrong  answer. Written answer (WA) type: Answer all questions in the space provided. Show all work.  ID#: _____________________ Last Name: ____________________                  First Name: ____________________  Marks:  MC: _____________________ WA: _____________________ Total: _____________________
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A corporation cannot default on an undeclared dividend A) true B) false Ans: A) If its YTM is less than its coupon rate, a bond will sell at a _____, and increases in YTM will _____.  A) discount, decrease this discount.  B) discount, increase this discount.    C) premium,  decrease this premium.  D) premium,  increase this premium.  E) none of the above. Answer: C ) 
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This note was uploaded on 05/23/2010 for the course ACTSC 371 taught by Professor Wood during the Winter '08 term at Waterloo.

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GMidTermW09_afternoon_soln -...

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