ADMS3530-Final-F07-TypeA-PartI - Name _Section _ ID # _...

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Page 1 Name _________________________ Section _____ ID # ______________________ (Prof. Alagurajah’s sections F and G; Prof. King’s section D; Prof. Li’s section A; Prof. Tahani’s sections C and E; Prof. Tissenbaum’s sections B and H) AK/ADMS 3530 Final Exam Fall 2007 December 10, 2007 7 -10 pm Exam Type A Part I Important: The exam consists of two parts I and II. This is only part I. Part II will be distributed later during the exam. Please use the same bubble sheet for both parts. This part consists of 25 multiple choice questions. 2 points each for a total of 50 points. Choose the response which best answers each question. Circle your answers below, and fill in your answers on the bubble sheet . Only the bubble sheet is used to determine your exam score . BE SURE TO BLACKEN THE BUBBLES CORRESPONDING TO YOUR STUDENT NUMBER. Please note the following eight points : 1) Please use your time efficiently and start with the questions that you are most comfortable with first. Remember : every question carries the same weight, so please do NOT spend too much time on one particular question; 2) Read the exam questions carefully; 3) Choose the answers that are closest to yours, because of possible rounding; 4) Keep at least 2 decimal places in your calculations and final answers, and at least 4 decimal places for interest rates; 5) Interest rates are annual unless otherwise stated; 6) Bonds pay semi-annual coupons unless otherwise stated; 7) Bonds have a par value (or face value) of $1,000; and 8) You may use the back of the exam paper as your scrap paper.
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Page 2 16 Numerical Questions 1. A perpetuity of $5,000 annually beginning today offers a 15% annual interest rate. What is its present value? A) $33,333.33 B) $37,681.16 C) $38,333.33 D) $65,217.39 2. What is the yield to maturity on a 10-year zero-coupon bond with a $1,000 face value selling now at $658? A) 4.2743% B) 5.1976% C) 6.5800% D) 51.9757% 3. A stock paying a $5 dividend next year sells now for $80 and has an expected rate of return of 14% annually. What will be the expected stock price one year from now? A) $82.20
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This note was uploaded on 04/11/2011 for the course ADMS 3530 taught by Professor Unknown during the Spring '09 term at York University.

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ADMS3530-Final-F07-TypeA-PartI - Name _Section _ ID # _...

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