Professor Alagurajah’s Section A (Fridays, 2.30-5.30 pm), Professor King’s Section G
(Internet), Professor Kohen’s Section F (Tuesdays, 2:30-5:30 pm), Professor Li’s Section E
(Wednesdays, 2:30-5:30 pm), Professor Okonkwo’s Section B (Tuesdays, 7-10 pm),
Professor Patterson’s Section D (Thursdays, 4-7 pm), and Professor Tahani’s Section C
(Wednesdays, 7-10 pm).
AP/ADMS 3530.03 Finance Midterm Exam
October 25, 2009
Exam - Solution
This exam consists of
30 multiple choice questions
and carries a total of
Choose the response which best answers each question.
Circle your answer below
fill in your answers on the bubble sheet
Only the bubble sheet is used to determine
your exam score
forget to write your name and ID # both at the top of this
cover page and on the bubble sheet. Also please write the type of your exam (A or B) on
the bubble sheet.
Please note the following points
Read the questions carefully and use your time efficiently
2) Choose the answers that are
to yours, because of possible
3) Keep at least
decimal places in your calculations and final answers,
and at least
decimal places for interest rates.
4) The 20 “Numerical questions” are worth 4 points each.
5) The 10 “Conceptual questions” are worth 2 points each.
6) Unless otherwise stated, interest rates are
, and bonds pay
and have a face value (or par value) of
7) You may use the back of the exam paper as your scrap paper.
We may denote the PV and FV annuity factors
respectively by PVIFA(r,n) and FVIFA(r,n),