Fall10-Solution-MidTerm-MW

Fall10-Solution-MidTerm-MW - MW BUS 172A Investment...

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MW BUS 172A – Investment Analysis Fall 2010 Article I. Mid-Term Exam Last Name: __________________________ First Name: _____________________ Class Time: _________________________ Instructions: There are 15 questions . Questions 1–6 are multiple-choice questions. Questions 7–15 are problems for which computations are necessary. For each question you need to report the correct final answer in the space provided . For questions 7-15, in addition to reporting the final answer, you must also report the complete and correct solution with clear computations. When reporting the solutions to the questions 7-15 you must label all the amounts you use in the computations. Your computations and solutions to the questions 7-15 must be clear and easy to understand. Grading: Each multiple-choice question is worth 5 points. No partial credit is granted for questions 1-6 . For the problems 7-15 you can only receive the maximum points allowed if you record the correct final answer along with the complete and correct solution for the problem. If you report the correct final answer, but you do not provide a complete and consistent solution for the problems, you will not receive any points. Partial credit is granted for questions 7–15 . 1
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Section I – Multiple Choice Questions: 5 points each question 1. Preferred stock yields often are lower than yields on bonds of the same quality because of a. Risk. b. Marketability. c. Liquidity. d. Call protection. e. Taxation. ANSWER: ________ 2. Specialists on the NYSE do all the following except: a. Help provide liquidity to the marketplace. b. Act as dealers for their own accounts. c. Monitor and execute limit orders. d. Act as odd-lot dealers. e. Post bid and ask quotes. ANSWER: ________ 3. The Sarbanes-Oxley Act ____________ a. Requires corporations to have more independent directors. b. Requires the firm's CFO to personally vouch for the firm's accounting statements. c. Prohibits auditing firms from providing other services to clients. d. A and B are correct. e. A, B, and C are correct . ANSWER: ________ 2
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4. At issue, offering prices of open-end funds will often be a. Less than NAV due to loads and commissions . b. Greater than NAV due to loads and commissions . c. Greater than NAV due to excess demand . d.
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Fall10-Solution-MidTerm-MW - MW BUS 172A Investment...

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