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298 Midterm - Adrian 2008 - G ommerce 98 2 Midterm...

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Gommerce 298 Midterm Examination FEBRUARY 26,2008 PLEASE READ THE FOLLOWING: This examination consists of 8 pages of questions plus this cover page. Please check to ensure this paper is complete. No candidate shall be permitted to enter the examination room after the expiration of % hour, or to leave during the first lzhour of the examination. Gandidates are not permitted to ask questions of interpretation. ie: "What does this mean?" lndividual calculators permitted (graphing calculators, Tl 83 etc - are NOT permitted). No other materials are allowed. Please show ALL work on this exam paper in the space provided. Gell phones must be turned off and are not permitted to be in view or be used as a watch during this exam. Detailed work must be shown to receive credit. You must clearly show all formulas complete with appropriate values for the variables and calculations to support your answers. No credit for answers only! Routine arithmetic calculations should NOT be shown. Time: 90 minutes sisnature, /, W Wil r*il** TIT;"elo:w section lOf 1. 2. 3. 4. 5. 6. Student Number Question Maximum Suggested Time (minutes) Maximum Possible Score Your Score 1 30 36 -tl 2 10 16 -r 3 20

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Question 1 (36 marks) - d Cg1;{r,r{ tgrfg*t{ekJ^ 4i f P,^il (a) (3 marks) shaw cabre.n*s"{2% interest 0., ':";t"' ;,";"};"'*\$",1f[hfl#+h effective annual interest rate. \ i uft(- (\+ o,r)''-l : ]t til % y ffo. ''/ (b) (3 marks) What annual interest rate, compounded annually, would allow \$400 invested today to grow to \$750 fifteen years from now? 150 -t\$oIFnf5 '-Hy' "= 4,It "/" (c) (6 marks) A bank offers you an APR of 6.120/o on an 8-month term deposit. The term deposit will provide you with a 6.260/o effective annual return. (i) ls interest being compounded monthly or quarterly? Show your work. -l / ,l Vrn fog'df. I r f
(d) 2 factors that influence Canada Bond s,/r--,* U,oots l0r\$ yields. o \ \ "1" xL *) -v flerniumS, { ._/ rott rrSF gnnrrudlf J f lF ;. diy,nrqf .j, \Fn )ppn i trl" Your answer: C ildn*i* (:a k'l ,.r.t*r/f 4fl,,^4 , v\><--\= '"f;4ffhh'n .

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298 Midterm - Adrian 2008 - G ommerce 98 2 Midterm...

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