Name
Section
ID #
(Professor Alagurajah’s Sections O (Wednesdays, 7-10 pm) and S (Thursdays,
7-10 pm), Professor Li’s Sections M (Thursdays, 2:30-5:30 pm) and Q (Mondays,
7-10 pm), Professor Tissenbaum’s Sections P (Internet) and R (Mondays, 4-7
pm), and Professor Yildirim’s Sections N (Tuesdays, 7-10 pm) and T (Tuesdays,
2:30-5:30 pm).)
AK/ADMS 3530.03 Finance Final Exam
Winter 2007
April 26, 2007
Type A Exam
This exam consists of
50 multiple choice questions
and carries a total of
100
points
. Choose the response which best answers each question.
Circle your
answer below
,
and fill in your answers on the bubble sheet
.
Only the
bubble sheet is used to determine your exam score
.
Please do
not
forget to
write your name and ID # 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
:
1)
Read the questions carefully and use your time efficiently
.
2) Choose the answers that are
closest
to yours, because of possible
rounding.
3) Keep at least
2
decimal places in your calculations and final answers.
4) Each question is worth 2 points.
5) Unless otherwise stated, interest rates are
annual
, and bonds have a
face value (or par value) of
$1,000
.
6) You may use the back of the exam paper as your scrap paper.
Numerical questions (2 points each)
1. What is the present value of the following payment stream, discounted at 8
percent annually: $1,000 at the end of year 1, $2,000 at the end of year 2, and
$3,000 at the end of year 3?
A)
$5,022.11
B)
$5,144.03
C)
$5,423.87
D)
$5,520.00
1