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BUS 170 – Fundamentals of Finance
Spring 2007
Quiz 2 – TakeHome Assignment
Last Name: __________________________
First Name: _____________________
Class Time: _________________________
Instructions:
This is a takehome, open book, open notes test.
Work on this assignment is to be yours alone

any discussion of either the questions on the exam or your answers with anyone other than your
instructor will be considered as cheating.
This test contains
25 questions
based on
chapters 58
from the textbook.
There are 7 multiple
choice questions followed by 18 nonmultiplechoice questions.
The due date for this takehome assignment is
Wednesday April 4, 2007
.
The test with the
solution to the questions will be collected at the
beginning of the class
scheduled on the due date.
Any work received later than the scheduled time will not be graded.
No late work will be
accepted
.
Record your answer
to each of the questions on the
answer sheet
found at the end of this test.
In
addition to the final answer,
you must report the complete, correct, and consistent solution or
justification to each of the questions
.
For the multiplechoice questions you need to report and
justify the reasoning that leads you to selecting a given final answer.
For the nonmultiplechoice
questions you need to report and explain all the computations necessary to solve the problems.
You must
label
all the
numbers
you use in the computations.
The
solutions or justifications
for the final answers must be
typed and stapled
to the completed
answer sheet.
The explanations contained in the justifications or the computations contained in
the solutions must be clear, “professional” and easy to understand.
Grading:
Each question is worth 4 points
.
In order to receive the 4 points awarded to each question, you
must
report the correct final answer
on the answer sheet
along
with the complete, correct, and
consistent justification or solution
to the questions.
If you report the correct final answer on the answer sheet, but you do not provide a complete and
consistent justification or solution to the questions, you will not receive any points.
No partial
credit is given in this test
.
If the
solutions or justifications
for the final answers are
not typed and stapled
to the completed
answer sheet you will receive a penalization of
30 points
.
1
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View Full DocumentMULTIPLE CHOICE QUESTIONS
1.
Which of the following statements is correct?
a.
The present value of an annuity due is equal to the present value of an ordinary annuity
multiplied by a factor of (1 + r).
b.
The present value of an annuity due is equal to the present value of an ordinary annuity
divided by a factor of (1 + r).
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 '08
 francis,stephen
 Finance

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