Exam 3 Solutions - Exam Code: A FIN 3403 2002 Spring Term...

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A Exam Code: A Name (Printed) ______________KEYED_________________ Signature ____________________________________ SS# ______________________ INSTRUCTIONS READ THIS PAGE CAREFULLY BEFORE YOU BEGIN YOU MUST BE IN THE CORRECT ROOM OR YOUR EXAM WILL NOT BE GRADED DO NOT OPEN THIS EXAM UNTIL INSTRUCTED TO DO SO 1. Close all books. The only items allowed on the desk are a #2 pencil, your exam, and your scantron answer sheet. All other materials must be placed on the floor under your chair and backpacks, purses, etc., must be closed. 2. Print your name on this exam, fill in your SS#, and then sign this exam in the spaces provided. 3. Fill in the information requested on the scantron answer sheet and then bubble in the corresponding data: Last Name, First Initial, Middle Initial, SS#, and Exam Code. Do not fill in a Section number. 4. This exam consists of 25 questions and each question is worth 1 point. Answer the questions in Rows 1-25 of the scantron. Select the most correct answer. 5. Points will not be deducted for incorrect answers, so you should attempt to answer all of the questions. 6. Proctors will not answer questions involving the exam materials or questions on the exam: being able to understand the question is part of the exam. 7. Proctors may move students during the exam to lessen the possibility for cheating. If you are asked to move, it does not mean that you are cheating: you may be moved so that another student cannot copy from your exam. 8. Cheating is a serious matter and will be dealt with severely. By turning in the scantron answer sheet to this exam you are confirming that all work on this exam is your own and that you have not received help from any other source (i.e., cheated) in answering the questions on this exam. 9. You must use your time wisely. Do not spend too much time on any one problem. If you get stuck, leave the problem and then come back to it if you have time. 10. Bubble in your answers as you go. You will not be granted extra time to bubble in your scantron at the end of the exam. Your exam will not be graded if you do not immediately stop working on the exam when time is called. 11. To avoid disturbing students who are trying to finish up their exams, no one will be allowed to leave during the last 10 minutes of the exam. 12. The solutions will be posted to the class web page Wednesday night after all exams have been collected. 13. Exam grades will be posted to the class web page as soon as practical and possible. FIN 3403 - 2002 Spring Term – Final Exam - Solutions Page 1 of 14 FIN 3403 2002 Spring Term Business Finance Final Exam May 1, 2002
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A Exam Code: A 1. Firms that are comprised of multiple divisions of differing degrees of risk, but which use a corporate-wide cost of capital to evaluate projects, are likely to reject good (positive NPV), high risk and high rate of return projects while accepting bad (negative NPV), low risk and low rate of return projects A. True * B. False 2. When calculating a WACC for a company with preferred stock, there is no need to adjust
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Exam 3 Solutions - Exam Code: A FIN 3403 2002 Spring Term...

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