Finance Test Multiple Choice Questions - 2546 Words

Multiple Choice Identify the choice that best completes the statement or answers the question. _C___ 1. The process of finding present values is frequently called a. annualizing b. compounding c. discounting d. leasing __C__ 2. Finding the compound sum of $1,000 to be received at the beginning of each of the next 5 years requires calculating the a. future value of an annuity b. present value of an annuity c. future value of an annuity due d. present value of an annuity due _D___ 3. When using a present value of an annuity table(e.g.,Table IV at the back of the book), a. payments are assumed to be made at the beginning of each period b. PVIFA factors decrease with an increase in the interest rate c. PVIFA†¦show more content†¦The required rate of return on an asset is a function of the ____. a. risk associated with the asset b. risk-free interest rate c. age of the asset d. risk associated with the asset and the risk-free interest rate _C___ 17. The ____ of a debt issue is equal to the difference between the ____ and the ____. a. call price; market price; par value b. call price; market price; call premium c. call premium; call price; par value d. call premium; market price; par value __A__ 18. A zero coupon bond is a bond that a. originally sold at a discount b. will sell for a premium c. is a premium value bond d. has a high current yield _D___ 19. The following bond quotation indicates that the holder expects to receive ____ in interest annually: PACEI 11s 09 11.6 20 95 -1 a. $90 b. $116 c. $95 d. $110 _A___ 20. The State of Adaven issued $50 million of perpetual bonds in 1990. The bonds were issued in $100 denominations with an annual coupon interest rate of 5%. Determine the rate of return or current yield on these bonds if they are purchased at the current price of $40. a. 12.5% b. 8.0% c. 5.0% d. 1.25% __C__ 21. Two years ago, Trans-Atlantic Airlines sold $250 million worth of bonds at $1,000 each. The bonds had a maturity of 12 years and a coupon rate of 12%. Today these bonds are selling for $910. Determine the yield-to-maturity (to the nearest tenth ofShow MoreRelatedWhat I Want For My Career1256 Words   |  6 Pagesyears ago I began to seriously give thought to what I wanted to do with my life. As a high school sophomore I narrowed down my choices to three possibilities the first becoming an investment banker, a lawyer, or a politician. Ultimately my high minded ambitions got the better of me and I set my sights on Wall Street. 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