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FI 3300 Final Exam Summer 08

FI 3300 Final Exam Summer 08 - TEST NUMBER FI 3300...

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TEST NUMBER: ________________ FI 3300 – CORPORATION FINANCE FINAL EXAM Summer 2008 NAME _____________________________________________ STUDENT NUMBER _________________________________ CLASS DAYS/TIME _______________ INSTRUCTOR _________________________ READ THE FOLLOWING DIRECTIONS VERY CAREFULLY. FAILURE TO FOLLOW THESE INSTRUCTIONS WILL ALMOST CERTAINLY RESULT IN YOUR EXAM BEING MISGRADED WHICH WILL ADVERSELY AFFECT YOUR GRADE. IF THERE IS ANYTHING ABOUT THE DIRECTIONS THAT YOU DO NOT UNDERSTAND, ASK YOUR INSTRUCTOR IMMEDIATELY. 1. Fill in your name, student number, and the days and time of the class for which you are registered (for example, T/TH at 5:00pm) on the Answer Sheet as well as on the lines above. 2. In the box on the Answer sheet titled “TEST NUMBER” record the number that appears in the upper right hand corner of this sheet on the line “TEST NUMBER” – since there are multiple versions of the exam, failure to do so may result in your exam being graded with the wrong answer key!!! DO NOT COPY FROM SOMEONE ELSE’S EXAM – YOUR NEIGHBOR MAY HAVE A DIFFERENT VERSION OF THE EXAM!!! 3. Read each question very carefully. Consider all of the answer choices and then select the best correct answer – there is only one best answer per question. Circle the letter answer on the exam and record your answers on the Answer Sheet. NOTE WELL: ONLY THE ANSWER KEY WILL BE GRADED!!! 4. You may use a financial calculator. No notes, formula sheets, scratch paper (use back pages of exam if necessary), or stored formulae allowed. The exam consists of 25 questions each worth 4.0 points. Choose the BEST ANSWER for each question. Your score will be computed as: [100 – (number missed x 4.0)]. You will have 120 minutes to complete the exam. Do not leave any answers blank – an unanswered question will be graded as a wrong answer. Good luck.
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1. The primary goal of a publicly-owned firm interested in serving its stockholders should be to: A. Maximize expected total corporate profit. B. Maximize expected EPS. C. Minimize the chances of losses. D. Maximize the stock price per share. E. Maximize expected net income. 2. Venuava, Inc. reported net income of $4,211,600 for the fiscal year ending December 31, 2006 and Venuava paid total dividends of $3,218,400 in 2006. If Venuava reported Retained earnings of $43,886,600 on its December 31, 2005 balance sheet, what did Venuava report as Retained earnings on its December 31, 2006 balance sheet?
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