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exam1a.ch1ch2ch2Ach5partial (1)

exam1a.ch1ch2ch2Ach5partial (1) - Name Webct User ID...

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Name __________________________________ Webct User ID __________________________________ University of Houston C. T. Bauer College of Business Principles of Financial Management Finance 3332 Spring, 2009 Exam 1 A To receive full credit, show all work—equations in variable form, equations with numbers plugged in—and clearly indicate your answer. Financial functions may be used ONLY for finding annuity factors, and all inputs must be shown. Round answers decimals to 4 places where applicable Point values are in parentheses. 1. Write the  algebraic equation , which was discussed in class, for calculating Earnings Per Share, beginning with  Revenues. (6) EPS = 2. Two months ago I purchased 300 shares of stock for $50 per share, and the stock is now worth $46 per share. Last  week, I received a dividend check totaling $600. What is my holding period return? (8) 3. What is the annualized premium or discount between the spot rate and the three month forward rate for Indian  Rupee? (8) Foreign Exchange Rates (US Dollars) Country Currency Spot Rate 3-Month Forward Indian Rupee 0.02104            0.02086 4. From the above problem, we can say that the Rupee is trading at a forward _________ relative to the US Dollar. (2) Circle  the correct response: premium discount
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5. Urlege Incorporated had taxable income of $16 million.  What is the company’s income tax liability? (6) Taxable Income($) Tax Calculation Up to 50,000 $0 + (15% Amount over $0) 50,001-75,000 $7500 + (25% Amount over $50,000) 75,001-100,000
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