exam1a.ch1ch2ch2Ach5partial (1)

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

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
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
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/13/2011 for the course FINA 3332 taught by Professor Darlachisholm during the Spring '08 term at University of Houston.

Page1 / 4

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

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online