Question 1

Find the PE ratio. Round to the nearest whole number.
-Stock: Hechinger
Current Price per Share: $16.68
Annual Net Earnings per Share: $1.20

Accepted Answer

A) 14 
B) 12 
C) 15 
D) 16 
A) 14 
B) 12 
C) 15 
D) 16 A

Question 2

Find the requested value using the given stock table.  
-Low for the year for ComputerSolns (CSL)

Accepted Answer

A) $39.76 
B) $80.11 
C) $83.23 
D) $1.42 
A) $39.76 
B) $80.11 
C) $83.23 
D) $1.42 A

Question 3

Find the PE ratio. Round to the nearest whole number.
-Stock: Waverly
Current Price per Share: $30.50
Annual Net Earnings per Share: $0.41

Accepted Answer

A) 21 
B) 78 
C) 61 
D) 74 
A) 21 
B) 78 
C) 61 
D) 74 D

Question 4

Use the given bond table to find the requested value for Solar Energy (SNG) bonds maturing in 2022.  
-Volume of bonds sold

Accepted Answer

A) 30,045 
B) 30,590,000 
C) 30,045,000 
D) 3,004,500 
A) 30,045 
B) 30,590,000 
C) 30,045,000 
D) 3,004,500

Question 5

Solve the application problem. Round to the nearest cent.  
-How much should be deposited semiannually into a sinking fund over 5 years to accumulate $ 159,000 if the money earns 8% compounded semiannually?

Accepted Answer

A) $27,103.14 
B) $9,544.77 
C) $13,869.57 
D) $13,243.11 
A) $27,103.14 
B) $9,544.77 
C) $13,869.57 
D) $13,243.11

Question 6

Solve the application problem. Round to the nearest cent.  
-Find the least amount that could be deposited in a bank account today at 4% compounded quarterly to allow $650 withdrawals at the end of each quarter for 6 years.

Accepted Answer

A) $13,296.28 
B) $13,808.20 
C) $14,315.05 
D) $116,191.80 
A) $13,296.28 
B) $13,808.20 
C) $14,315.05 
D) $116,191.80

Question 7

Find the requested value using the given stock table.  
-High for the year for CompuStrateg (CPS)

Accepted Answer

A) $17.49 
B) $15.38 
C) $9.77 
D) $33.57 
A) $17.49 
B) $15.38 
C) $9.77 
D) $33.57

Question 8

Find the cost, including a sales charge of $1 per bond, for the transaction.
-Bond: WSN
Last Price: 101.500
Number Purchased: 12

Accepted Answer

A) $10,150.00 
B) $12,180.00 
C) $11,988.00 
D) $12,192.00 
A) $10,150.00 
B) $12,180.00 
C) $11,988.00 
D) $12,192.00

Question 9

Find the amount of the annuity due rounded to the nearest cent.  
-

Accepted Answer

A) $114,668.57 
B) $29,213.69 
C) $106,673.93 
D) $98,797.47 
A) $114,668.57 
B) $29,213.69 
C) $106,673.93 
D) $98,797.47

Question 10

Find the amount of the annuity due rounded to the nearest cent.  
-

Accepted Answer

A) $3,620.51 
B) $2,648.10 
C) $4,641.53 
D) $19,620.51 
A) $3,620.51 
B) $2,648.10 
C) $4,641.53 
D) $19,620.51

Question 11

Find the PE ratio. Round to the nearest whole number.
-Stock: BG + E
Current Price per Share: $32
Annual Net Earnings per Share: $0.27

Accepted Answer

A) 200 
B) 100 
C) 1 
D) 119 
A) 200 
B) 100 
C) 1 
D) 119

Question 12

Solve the problem.
-Joe Simpson bought 37 Woodward Corp. (WDW)bonds maturing 2010. According to a bond table, the last price is 87.250 and the coupon rate is 10.250. Assuming a sales commission of $1 per bond, find the effective interest rate using total cost including commissions.

Accepted Answer

A) 6.4% 
B) 7.0% 
C) 11.7% 
D) 11.6% 
A) 6.4% 
B) 7.0% 
C) 11.7% 
D) 11.6%

Question 13

Find the amount of the ordinary annuity rounded to the nearest cent.  
-

Accepted Answer

A) $498,480.52 
B) $251,808.19 
C) $227,386.78 
D) $270,980.53 
A) $498,480.52 
B) $251,808.19 
C) $227,386.78 
D) $270,980.53

Question 14

Find the amount of the annuity due rounded to the nearest cent.  
-

Accepted Answer

A) $26,965.69 
B) $30,742.94 
C) $49,492.94 
D) $34,822.38 
A) $26,965.69 
B) $30,742.94 
C) $49,492.94 
D) $34,822.38

Question 15

Solve the application problem. Round to the nearest cent.  
-How much should be deposited monthly into a sinking fund over 4 years to accumulate $119,000 if the money earns 12% compounded monthly?

Accepted Answer

A) $1,943.27 
B) $2,970.24 
C) $1,485.12 
D) $2,341.92 
A) $1,943.27 
B) $2,970.24 
C) $1,485.12 
D) $2,341.92

Question 16

Solve the problem.
-The manager of a retirement account purchased 128 Solar Energy (SNG)bonds that mature in 2020 for the retirement account. According to a bond table, the last price is 96.375 and the coupon rate is 7.750. Assuming a sales commission of $1 per bond, find the total purchase price of the bonds, and the annual interest payment.

Accepted Answer

A) $127,036.25, $6,646.40 
B) $123,360.00, $7750.00 
C) $123,488.00, $9,920.00 
D) $123,232.00, $9,820.80 
A) $127,036.25, $6,646.40 
B) $123,360.00, $7750.00 
C) $123,488.00, $9,920.00 
D) $123,232.00, $9,820.80

Question 17

Solve the problem. Refer to the table if necessary.  
-Greg plans to contribute $500 per year to a retirement plan and is debating the use of a certificate of deposit that pays 2% per year versus a stock fund that he believes will yield 6% per year. Find the future value after 15 years of the CD and the stock fund.

Accepted Answer

A) CD: $8,646.71
Stock fund: $11,637.99 
B) CD: $8,646.71
Stock fund: $13,576.06 
C) CD: $7,986.97
Stock fund: $11,637.99 
D) CD: $8,341.07
Stock fund: $10,789.28 
A) CD: $8,646.71
Stock fund: $11,637.99 
B) CD: $8,646.71
Stock fund: $13,576.06 
C) CD: $7,986.97
Stock fund: $11,637.99 
D) CD: $8,341.07
Stock fund: $10,789.28

Question 18

Solve the problem.  
-If Bob deposits $5000 at the end of each year for 6 years in an account paying 8% interest compounded annually, find the amount he will have on deposit.

Accepted Answer

A) $44,614.02 
B) $36,679.65 
C) $29,333.00 
D) $31,679.65 
A) $44,614.02 
B) $36,679.65 
C) $29,333.00 
D) $31,679.65

Question 19

Find the cost, including a sales charge of $1 per bond, for the transaction.
-Bond: TSB
Last Price: 91.125
Number Purchased: 104

Accepted Answer

A) $94,874.00 
B) $91,875.00 
C) $94,770.00 
D) $103,896.00 
A) $94,874.00 
B) $91,875.00 
C) $94,770.00 
D) $103,896.00

Question 20

Solve the application problem. Round to the nearest cent.  
-Find the amount of each payment into a sinking fund if $14,000 must be accumulated. Payments are made at the end of each quarter for 3 years, with interest of 6% compounded quarterly.

Accepted Answer

A) $4,597.32 
B) $1,180.06 
C) $829.92 
D) $1,073.52 
A) $4,597.32 
B) $1,180.06 
C) $829.92 
D) $1,073.52

Find the PE ratio. Round to the nearest whole number. -Stock: Hechinger Current Price per Share: $16.68 Annual Net Earnings per Share: $1.20

Find the requested value using the given stock table. -Low for the year for ComputerSolns (CSL)

Find the PE ratio. Round to the nearest whole number. -Stock: Waverly Current Price per Share: $30.50 Annual Net Earnings per Share: $0.41

Use the given bond table to find the requested value for Solar Energy (SNG) bonds maturing in 2022. -Volume of bonds sold

Solve the application problem. Round to the nearest cent. -How much should be deposited semiannually into a sinking fund over 5 years to accumulate $ 159,000 if the money earns 8% compounded semiannually?

Solve the application problem. Round to the nearest cent. -Find the least amount that could be deposited in a bank account today at 4% compounded quarterly to allow $650 withdrawals at the end of each quarter for 6 years.

Find the requested value using the given stock table. -High for the year for CompuStrateg (CPS)

Find the cost, including a sales charge of $1 per bond, for the transaction. -Bond: WSN Last Price: 101.500 Number Purchased: 12

Find the amount of the annuity due rounded to the nearest cent. -

Find the amount of the annuity due rounded to the nearest cent. -

Find the PE ratio. Round to the nearest whole number. -Stock: BG + E Current Price per Share: $32 Annual Net Earnings per Share: $0.27

Solve the problem. -Joe Simpson bought 37 Woodward Corp. (WDW)bonds maturing 2010. According to a bond table, the last price is 87.250 and the coupon rate is 10.250. Assuming a sales commission of $1 per bond, find the effective interest rate using total cost including commissions.

Find the amount of the ordinary annuity rounded to the nearest cent. -

Find the amount of the annuity due rounded to the nearest cent. -

Solve the application problem. Round to the nearest cent. -How much should be deposited monthly into a sinking fund over 4 years to accumulate $119,000 if the money earns 12% compounded monthly?

Solve the problem. -If Bob deposits $5000 at the end of each year for 6 years in an account paying 8% interest compounded annually, find the amount he will have on deposit.

Find the cost, including a sales charge of $1 per bond, for the transaction. -Bond: TSB Last Price: 91.125 Number Purchased: 104

Solve the application problem. Round to the nearest cent. -Find the amount of each payment into a sinking fund if $14,000 must be accumulated. Payments are made at the end of each quarter for 3 years, with interest of 6% compounded quarterly.

Whole Numbers and Decimals

Fractions

Percents

Equations and Formulas

Bank Services

Payroll

Mathematics of Buying

Mathematics of Selling

Simple Interest

Compound Interest and Inflation

Business and Consumer Loans

Taxes and Insurance

Depreciation

Financial Statements and Ratios

Budgeting and Business Statistics

Filters

Exam 11: Annuities, Stocks, and Bonds

Find the PE ratio. Round to the nearest whole number. -Stock: Hechinger Current Price per Share: $16.68 Annual Net Earnings per Share: $1.20

Find the requested value using the given stock table. -Low for the year for ComputerSolns (CSL)

Find the PE ratio. Round to the nearest whole number. -Stock: Waverly Current Price per Share: $30.50 Annual Net Earnings per Share: $0.41

Use the given bond table to find the requested value for Solar Energy (SNG) bonds maturing in 2022. -Volume of bonds sold

Solve the application problem. Round to the nearest cent. -How much should be deposited semiannually into a sinking fund over 5 years to accumulate $ 159,000 if the money earns 8% compounded semiannually?

Solve the application problem. Round to the nearest cent. -Find the least amount that could be deposited in a bank account today at 4% compounded quarterly to allow $650 withdrawals at the end of each quarter for 6 years.

Find the requested value using the given stock table. -High for the year for CompuStrateg (CPS)

Find the cost, including a sales charge of $1 per bond, for the transaction. -Bond: WSN Last Price: 101.500 Number Purchased: 12

Find the amount of the annuity due rounded to the nearest cent. -

Find the amount of the annuity due rounded to the nearest cent. -

Find the PE ratio. Round to the nearest whole number. -Stock: BG + E Current Price per Share: $32 Annual Net Earnings per Share: $0.27

Solve the problem. -Joe Simpson bought 37 Woodward Corp. (WDW)bonds maturing 2010. According to a bond table, the last price is 87.250 and the coupon rate is 10.250. Assuming a sales commission of $1 per bond, find the effective interest rate using total cost including commissions.

Find the amount of the ordinary annuity rounded to the nearest cent. -

Find the amount of the annuity due rounded to the nearest cent. -

Solve the application problem. Round to the nearest cent. -How much should be deposited monthly into a sinking fund over 4 years to accumulate $119,000 if the money earns 12% compounded monthly?

Solve the problem. -If Bob deposits $5000 at the end of each year for 6 years in an account paying 8% interest compounded annually, find the amount he will have on deposit.

Find the cost, including a sales charge of $1 per bond, for the transaction. -Bond: TSB Last Price: 91.125 Number Purchased: 104

Solve the application problem. Round to the nearest cent. -Find the amount of each payment into a sinking fund if $14,000 must be accumulated. Payments are made at the end of each quarter for 3 years, with interest of 6% compounded quarterly.

Whole Numbers and Decimals

Fractions

Percents

Equations and Formulas

Bank Services

Payroll

Mathematics of Buying

Mathematics of Selling

Simple Interest

Compound Interest and Inflation

Business and Consumer Loans

Taxes and Insurance

Depreciation

Financial Statements and Ratios

Budgeting and Business Statistics

Filters