Question 1

Find the cost, including a sales charge of $1 per bond, for the transaction.
-Bond: BLT
Last Price: 97.375
Number Purchased: 67

Accepted Answer

A) $66,933.00 
B) $97,375.00 
C) $65,241.25 
D) $65,308.25 
A) $66,933.00 
B) $97,375.00 
C) $65,241.25 
D) $65,308.25

Question 2

Find the PE ratio. Round to the nearest whole number.
-Stock: Giant
Current Price per Share: $32.11
Annual Net Earnings per Share: $1.41

Accepted Answer

A) 22 
B) 23 
C) 24 
D) 30 
A) 22 
B) 23 
C) 24 
D) 30

Question 3

Find the requested value using the given stock table.  
-PE ratio for CommSource (CSC)

Accepted Answer

A) 35 
B) 24 
C) 12 
D) 21 
A) 35 
B) 24 
C) 12 
D) 21

Question 4

Find the PE ratio. Round to the nearest whole number.
-Stock: Crown
Current Price per Share: $27.59
Annual Net Earnings per Share: $11.41

Accepted Answer

A) 3 
B) 1 
C) 2 
D) 20 
A) 3 
B) 1 
C) 2 
D) 20

Question 5

Find the requested value using the given stock table.  
-Dividend yield for ComputerSolns (CSL)

Accepted Answer

A) 1.31% 
B) 0.7% 
C) 35.7% 
D) 70% 
A) 1.31% 
B) 0.7% 
C) 35.7% 
D) 70%

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 5% compounded semiannually to allow $1875 withdrawals at the end of each 6 months for 11 years.

Accepted Answer

A) $31,435.14 
B) $118,564.86 
C) $30,346.03 
D) $32,497.71 
A) $31,435.14 
B) $118,564.86 
C) $30,346.03 
D) $32,497.71

Question 7

Solve the problem.
-Tom O'Donnell bought 17 Public Communications (PBC)bonds maturing in 2025. According to the bond table, the last price is listed as 84.875. If the sales commission is $1 per bond, what is the total purchase price?

Accepted Answer

A) $14,445.75 
B) $16,151.25 
C) $14,428.75 
D) $14,411.75 
A) $14,445.75 
B) $16,151.25 
C) $14,428.75 
D) $14,411.75

Question 8

Stock prices on consecutive days for a stock are shown. Find the increase (decrease) in the price of each stock as a number
and the percent increase (decrease) rounded to the nearest tenth of a percent.
-36.45, 37.21

Accepted Answer

A) -0.76; (2.1%) 
B) -0.76; 2.1% 
C) 0.76; 2.1% 
D) 0.76; (2.1%) 
A) -0.76; (2.1%) 
B) -0.76; 2.1% 
C) 0.76; 2.1% 
D) 0.76; (2.1%)

Question 9

Solve the problem. Refer to the table if necessary.  
-Susan Smith bought 60 shares of Allied Steel at $76.75 per share and 143 shares of Household Bank at $23.50 per share. Find the total amount that she paid, ignoring broker's commissions.

Accepted Answer

A) $7,629.45 
B) $8,973.65 
C) $7,965.50 
D) $7,797.48 
A) $7,629.45 
B) $8,973.65 
C) $7,965.50 
D) $7,797.48

Question 10

Use the given bond table to find the requested value for Solar Energy (SNG) bonds maturing in 2022.  
-Date when bonds must be paid off by Solar Energy

Accepted Answer

A) June 15, 2022 
B) December 15, 2018 
C) June 15, 2018 
D) December 15, 2022 
A) June 15, 2022 
B) December 15, 2018 
C) June 15, 2018 
D) December 15, 2022

Question 11

Find the amount of each payment needed to accumulate the indicated amount in a sinking fund. Round to the nearest
cent.  
-$6,700, money earns 5% compounded annually, 8 years

Accepted Answer

A) $822.89 
B) $701.62 
C) $727.15 
D) $676.97 
A) $822.89 
B) $701.62 
C) $727.15 
D) $676.97

Question 12

Find the amount of each payment needed to accumulate the indicated amount in a sinking fund. Round to the nearest
cent.  
-$9,100, money earns 8% compounded semiannually, 5 years

Accepted Answer

A) $859.86 
B) $1,551.19 
C) $1,680.13 
D) $757.94 
A) $859.86 
B) $1,551.19 
C) $1,680.13 
D) $757.94

Question 13

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

Accepted Answer

A) $1066.26 
B) $1048.94 
C) $1019.51 
D) $106.63 
A) $1066.26 
B) $1048.94 
C) $1019.51 
D) $106.63

Question 14

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

Accepted Answer

A) $43,229.78 
B) $85,860.80 
C) $81,677.26 
D) $77,575.75 
A) $43,229.78 
B) $85,860.80 
C) $81,677.26 
D) $77,575.75

Question 15

Find the current yield. Round to the nearest tenth of a percent.
-You invested $6,775 in 125 shares of stock. During the following year, the company paid dividends of $2.25 per share.

Accepted Answer

A) 2.4% 
B) 24.1% 
C) 4.2% 
D) 0.4% 
A) 2.4% 
B) 24.1% 
C) 4.2% 
D) 0.4%

Question 16

Find the cost, including a sales charge of $1 per bond, for the transaction.
-Bond: PSQ Last Price: 62.750
Number Purchased: 15

Accepted Answer

A) $9,412.50 
B) $14,985.00 
C) $9,427.50 
D) $6275.00 
A) $9,412.50 
B) $14,985.00 
C) $9,427.50 
D) $6275.00

Question 17

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

Accepted Answer

A) $420,952.27 
B) $265,824.88 
C) $603,699.89 
D) $449,699.87 
A) $420,952.27 
B) $265,824.88 
C) $603,699.89 
D) $449,699.87

Question 18

Find the present value of the annuity. Round to the nearest cent.  
-Payments of $14,000 made annually for 10 years at 10% compounded annually

Accepted Answer

A) $87,416.00 
B) $94,500.00 
C) $86,023.98 
D) $85,400.00 
A) $87,416.00 
B) $94,500.00 
C) $86,023.98 
D) $85,400.00

Question 19

Stock prices on consecutive days for a stock are shown. Find the increase (decrease) in the price of each stock as a number
and the percent increase (decrease) rounded to the nearest tenth of a percent.
-42.19, 41.31

Accepted Answer

A) -0.88; 2.1% 
B) 0.88; (2.1%) 
C) -0.88; (2.1%) 
D) 0.88; 2.1% 
A) -0.88; 2.1% 
B) 0.88; (2.1%) 
C) -0.88; (2.1%) 
D) 0.88; 2.1%

Question 20

Find the amount of each payment needed to accumulate the indicated amount in a sinking fund. Round to the nearest
cent.  
-$5,100, money earns 6% compounded quarterly, 4 years

Accepted Answer

A) $941.61 
B) $573.55 
C) $284.43 
D) $1,165.81 
A) $941.61 
B) $573.55 
C) $284.43 
D) $1,165.81

Find the cost, including a sales charge of $1 per bond, for the transaction. -Bond: BLT Last Price: 97.375 Number Purchased: 67

Find the PE ratio. Round to the nearest whole number. -Stock: Giant Current Price per Share: $32.11 Annual Net Earnings per Share: $1.41

Find the requested value using the given stock table. -PE ratio for CommSource (CSC)

Find the PE ratio. Round to the nearest whole number. -Stock: Crown Current Price per Share: $27.59 Annual Net Earnings per Share: $11.41

Find the requested value using the given stock table. -Dividend yield for ComputerSolns (CSL)

Solve the application problem. Round to the nearest cent. -Find the least amount that could be deposited in a bank account today at 5% compounded semiannually to allow $1875 withdrawals at the end of each 6 months for 11 years.

Solve the problem. -Tom O'Donnell bought 17 Public Communications (PBC)bonds maturing in 2025. According to the bond table, the last price is listed as 84.875. If the sales commission is $1 per bond, what is the total purchase price?

Stock prices on consecutive days for a stock are shown. Find the increase (decrease) in the price of each stock as a number and the percent increase (decrease) rounded to the nearest tenth of a percent. -36.45, 37.21

Solve the problem. Refer to the table if necessary. -Susan Smith bought 60 shares of Allied Steel at $76.75 per share and 143 shares of Household Bank at $23.50 per share. Find the total amount that she paid, ignoring broker's commissions.

Use the given bond table to find the requested value for Solar Energy (SNG) bonds maturing in 2022. -Date when bonds must be paid off by Solar Energy

Find the amount of each payment needed to accumulate the indicated amount in a sinking fund. Round to the nearest cent. -$6,700, money earns 5% compounded annually, 8 years

Find the amount of each payment needed to accumulate the indicated amount in a sinking fund. Round to the nearest cent. -$9,100, money earns 8% compounded semiannually, 5 years

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

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

Find the current yield. Round to the nearest tenth of a percent. -You invested $6,775 in 125 shares of stock. During the following year, the company paid dividends of $2.25 per share.

Find the cost, including a sales charge of $1 per bond, for the transaction. -Bond: PSQ Last Price: 62.750 Number Purchased: 15

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

Find the present value of the annuity. Round to the nearest cent. -Payments of $14,000 made annually for 10 years at 10% compounded annually

Stock prices on consecutive days for a stock are shown. Find the increase (decrease) in the price of each stock as a number and the percent increase (decrease) rounded to the nearest tenth of a percent. -42.19, 41.31

Find the amount of each payment needed to accumulate the indicated amount in a sinking fund. Round to the nearest cent. -$5,100, money earns 6% compounded quarterly, 4 years

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