Use the following bond quotes to answer this question: $\begin{array}{lrr} \text { Issuer Name}& \text {Coupon }&\text {Maturity}&\text { High }&\text {Low } &\text { Last}&\text { Change }\\ \text { Alpha } &5.875& \text {Apr 2010 }&99.823&98.667&99.402&+.008\\ \text { Industrial } &\\ \text { Beta Movers } &7.120& \text {May 2036}&103.407&100.013&103.354&+.010 \\ \end{array}$ - What was yesterday's closing price on the Beta Movers bond?

A) $1,020.13 B) $1,033.44 C) $1,044.07 D) $1,053.54 E) $1,054.07 A) $1,020.13 B) $1,033.44 C) $1,044.07 D) $1,053.54 E) $1,054.07

Use these option quotes to answer this question: ZZ Industries: Price 34.36 Calls: $\begin{array}{ccccccc} \text { Strike }&\text { Symbol}&\text { Last}&\text { Chg }&\text { Bid }&\text { Ask }&\text { Vol }&\text { open Int }\\ 30.00 & \text { ZZBF } & 4.30 & \downarrow .07 & 4.30 & 4.40 & 62 & 3,429 \\ 32.50 & \text { ZZBZ } & 1.87 & \downarrow .07 & 1.82 & 1.87 & 236 & 8,168 \\ 35.00 & \text { ZZBG } & .01 & \downarrow .05 & .00 & .01 & 3119 & 38.017 \end{array}$ Puts: $\begin{array}{lcccccrr} \text { Strike } & \text { Symbol } & \text { Last } & \text { Chg } & \text { Bid } & \text { Ask } & \text { Vol } & \text { Open Int } \\ 30.00 & \text { ZZNF } & .01 & .00 & .00 & .01 & 0 & 7,258 \\ 32.50 & \text { ZZNZ } & .01 & \downarrow .02 & .00 & .01 & 562 & 34,972 \\ 35.00 & \text { ZZNG } & .60 & \downarrow.14 & .63 & .68 & 2637 & 19,686 \end{array}$ - You own 700 shares of ZZ Industries stock which you purchased for $38.40 a share. You would like to have the right to sell your shares for $35.00 a share. What will be the cost to obtain this right?

A) $.40 B) $.90 C) $7.00 D) $476.00 E) $900.00 A) $.40 B) $.90 C) $7.00 D) $476.00 E) $900.00

Use the following bond quotes to answer this question: $\begin{array}{lrr} \text { Issuer Name}& \text {Coupon }&\text {Maturity}&\text { High }&\text {Low } &\text { Last}&\text { Change }\\ \text { Alpha } &5.875& \text {Apr 2010 }&99.823&98.667&99.402&+.008\\ \text { Industrial } &\\ \text { Beta Movers } &7.120& \text {May 2036}&103.407&100.013&103.354&+.010 \\ \end{array}$ - What is the current price of a $1,000 face value Alpha Industrial bond?

A) $986.67 B) $991.04 C) $994.02 D) $998.23 E) $1,000.00 A) $986.67 B) $991.04 C) $994.02 D) $998.23 E) $1,000.00

Use the following stock quotes to answer this question: $\text { 52-WEEK }$ $\begin{array}{lccccc} \text{ Company} & \text{ Volume} & \text{ Close} & \text{ Chg }& \text{ High }& \text{ Low } \\ \text{ Aldridge, Inc.} & 32,653,080 & 34.50 & -.20 & 41.60 & 33.90 \\ \text{ Baker Co.} & 11,508,900 & 78.10 & -2.30 & 82.30 & 74.60 \\ \text{ Chelsea, Inc. }& 51.873,450 & 48.20 & 4.10 & 48.60 & 29.40 \end{array}$ - Aldridge, Inc., pays an annual dividend of $.72. What is the dividend yield on this stock?

A) 2.09% B) 3.42% C) 4.60% D) 7.20% E) 8.04% A) 2.09% B) 3.42% C) 4.60% D) 7.20% E) 8.04%

Use the following stock quotes to answer this question: $\text { 52-WEEK }$ $\begin{array}{ccrrrr} \text { Company } & \text { Volume } & \text { Close } & \text { Chg } & \text { High } & \text { Low } \\ \text { Buy Rite } & 5,078,420 & 101.13 & -.05 & 104.90 & 82.13 \\ \text { Cloverdale } & 47,126,338 & 21.48 & +.01 & 30.15 & 16.80 \\ \text { Ditch Digcer } & 11,298,006 & 48.19 & -.13 & 55.62 & 48.19 \end{array}$ What is the current yield on Buy Rite stock?

A) 1.38% B) 2.60% C) 3.55% D) 4.25% E) 5.20% A) 1.38% B) 2.60% C) 3.55% D) 4.25% E) 5.20%

Use these option quotes for JL stock to answer this question: \[\begin{array} {cccccccc } \text { Strike } & \text { Symbol } & \text { Lagt } & \text { Chy } & \text { Bid } & \text { Agk } & \text { Vol } & \text { Open Int } \\ 47.50 & \text { JLHW.x } & 6.00 & \uparrow .25 & 5.90 & 6.10 & 18 & 12 \\ 50.00 & \text { JLHJ.x } & 4.75 & \uparrow .30 & 4.80 & 5.00 & 17 & 14 \end{array}\] - What price will you receive (per underlying share)if you sell the 47.50 call option on JL stock?

A) $4.80 B) $5.00 C) $5.90 D) $6.00 E) $6.10 A) $4.80 B) $5.00 C) $5.90 D) $6.00 E) $6.10

Use the following stock quotes to answer this question: $\text { 52-WEEK }$ $\begin{array}{lccccc} \text{ Company} & \text{ Volume} & \text{ Close} & \text{ Chg }& \text{ High }& \text{ Low } \\ \text{ Aldridge, Inc.} & 32,653,080 & 34.50 & -.20 & 41.60 & 33.90 \\ \text{ Baker Co.} & 11,508,900 & 78.10 & -2.30 & 82.30 & 74.60 \\ \text{ Chelsea, Inc. }& 51.873,450 & 48.20 & 4.10 & 48.60 & 29.40 \end{array}$ - John owns 250 shares of Aldridge, Inc., stock. What is the current value of his shares?

A) $6,605 B) $8,625 C) $9,640 D) $9,850 E) $10,350 A) $6,605 B) $8,625 C) $9,640 D) $9,850 E) $10,350

Use the following wheat futures quotes to answer this question. Price $ = $ cents and $ 1 / 8 $ ths per bushel $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $\quad $Prev $\begin{array}{lccccccc} \text { Exp } & \text { Last } & \text { Open } & \text { High } & \text { Low } & \text { Close } & \text { Settle } & \text { Settle } \\ \text { 08 Mar } & 1093^{\prime} 2 & 1093^{\prime} 2 & 1093^{\prime} 4 & 1093^{\prime} 2 & 1093^{\prime} 2 & 1093^{\prime}2 & 1063^{\prime} 0\\ \text { 08 May } & 1109^{\prime} 4 & 1109^{\prime} 6 & 1109^{\prime} 6 & 1109^{\prime} 2 & 1109^{\prime} 4 & 1109^{\prime} 4 & 1080^{\prime}2 \end{array}$ - What price would you have paid today per bushel for the Mar 08 wheat futures contract if you bought the contract at the final price of the day?

A) $10.8010 B) $10.8025 C) $10.9320 D) $10.9325 E) $11.0960 A) $10.8010 B) $10.8025 C) $10.9320 D) $10.9325 E) $11.0960

Exam 3: Overview of Security Tips

Use the following bond quotes to answer this question: Issuer Name Coupon Maturity High Low Last Change Alpha 5.875 Apr 2010 99.823 98.667 99.402 +.008 Industrial Beta Movers 7.120 May 2036 103.407 100.013 103.354 +.010 - What was yesterday's closing price on the Beta Movers bond?

(Multiple Choice)

4.7/5

(33)

Question 61

Which classification of financial assets does a money market instrument fall under?

(Multiple Choice)

4.9/5

(42)

Question 62

Harvest Fields sold ten September futures contracts on oats. Harvest Fields will:

(Multiple Choice)

4.9/5

(39)

Question 63

You purchased five call option contracts with a strike price of $22.50 and an option premium of $.48. You held the option until the expiration date. On the expiration date, the stock was selling for $21.70 a share. What is the total profit or loss on your option position?

(Multiple Choice)

4.7/5

(47)

Question 64

Use these option quotes to answer this question: ZZ Industries: Price 34.36 Calls: Strike Symbol Last Chg Bid Ask Vol open Int 30.00 ZZBF 4.30 \downarrow.07 4.30 4.40 62 3,429 32.50 ZZBZ 1.87 \downarrow.07 1.82 1.87 236 8,168 35.00 ZZBG .01 \downarrow.05 .00 .01 3119 38.017 Puts: Strike Symbol Last Chg Bid Ask Vol Open Int 30.00 ZZNF .01 .00 .00 .01 0 7,258 32.50 ZZNZ .01 \downarrow.02 .00 .01 562 34,972 35.00 ZZNG .60 \downarrow.14 .63 .68 2637 19,686 - You own 700 shares of ZZ Industries stock which you purchased for $38.40 a share. You would like to have the right to sell your shares for $35.00 a share. What will be the cost to obtain this right?

(Multiple Choice)

4.9/5

(46)

Question 65

Use the following bond quotes to answer this question: Issuer Name Coupon Maturity High Low Last Change Alpha 5.875 Apr 2010 99.823 98.667 99.402 +.008 Industrial Beta Movers 7.120 May 2036 103.407 100.013 103.354 +.010 - What is the current price of a $1,000 face value Alpha Industrial bond?

(Multiple Choice)

4.7/5

(36)

Question 66

The name preferred stock is in reference to the fact that:

(Multiple Choice)

4.9/5

(44)

Question 67

Use the following stock quotes to answer this question: $\text { 52-WEEK }$ Company Volume Close Chg High Low Aldridge, Inc. 32,653,080 34.50 -.20 41.60 33.90 Baker Co. 11,508,900 78.10 -2.30 82.30 74.60 Chelsea, Inc. 51.873,450 48.20 4.10 48.60 29.40 - Aldridge, Inc., pays an annual dividend of $.72. What is the dividend yield on this stock?

(Multiple Choice)

4.8/5

(41)

Question 68

Money market instruments:

(Multiple Choice)

4.7/5

(34)

Question 69

Which one of the following represents a residual ownership interest in the issuing firm?

(Multiple Choice)

4.8/5

(35)

Question 70

You want the right, but not the obligation, to sell 300 shares of ZZ Industries stock at a price of $30.00 per share and an option cost of $1. How much will it cost you to establish this option position?

(Multiple Choice)

4.7/5

(38)

Question 71

Investing in a futures contract:

(Multiple Choice)

4.7/5

(37)

Question 72

Use the following stock quotes to answer this question: $\text { 52-WEEK }$ Company Volume Close Chg High Low Buy Rite 5,078,420 101.13 -.05 104.90 82.13 Cloverdale 47,126,338 21.48 +.01 30.15 16.80 Ditch Digcer 11,298,006 48.19 -.13 55.62 48.19 What is the current yield on Buy Rite stock?

(Multiple Choice)

4.8/5

(33)

Question 73

The price paid to purchase an option contract is called the:

(Multiple Choice)

4.8/5

(41)

Question 74

Use these option quotes for JL stock to answer this question: Strike Symbol Lagt Chy Bid Agk Vol Open Int 47.50 JLHW.x 6.00 \uparrow.25 5.90 6.10 18 12 50.00 JLHJ.x 4.75 \uparrow.30 4.80 5.00 17 14 - What price will you receive (per underlying share)if you sell the 47.50 call option on JL stock?

(Multiple Choice)

4.8/5

(35)

Question 75

Use the following stock quotes to answer this question: $\text { 52-WEEK }$ Company Volume Close Chg High Low Aldridge, Inc. 32,653,080 34.50 -.20 41.60 33.90 Baker Co. 11,508,900 78.10 -2.30 82.30 74.60 Chelsea, Inc. 51.873,450 48.20 4.10 48.60 29.40 - John owns 250 shares of Aldridge, Inc., stock. What is the current value of his shares?

(Multiple Choice)

4.9/5

(44)

Question 76

Use the following wheat futures quotes to answer this question. Price $=$ cents and $1 / 8$ ths per bushel $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Prev Exp Last Open High Low Close Settle Settle 08 Mar 1092 1092 1094 1092 1092 1092 1060 08 May 1104 1106 1106 1102 1104 1104 1082 - What price would you have paid today per bushel for the Mar 08 wheat futures contract if you bought the contract at the final price of the day?

(Multiple Choice)

4.7/5

(36)

Question 77

The 47.50 put on a stock is trading at 1.32 bid and 1.37 ask. To buy one option contract, you must pay ________ at the time the contract is purchased.

(Multiple Choice)

4.8/5

(38)

Question 78

You purchased 500 shares of SLG, Inc., stock at a price of $43.70 a share. You then purchased put options on your shares with a strike price of $40.00 and an option premium of $.90. At expiration, the stock was selling for $47.80 a share. You sold your shares on the option expiration date. What is your net profit or loss on your transactions related to SLG, Inc., stock?

(Multiple Choice)

4.9/5

(42)

Question 79

When a put option is exercised, the:

(Multiple Choice)

4.8/5

(40)

Question 80

Use the following bond quotes to answer this question: Issuer Name Coupon Maturity High Low Last Change Alpha 5.875 Apr 2010 99.823 98.667 99.402 +.008 Industrial Beta Movers 7.120 May 2036 103.407 100.013 103.354 +.010 - What was yesterday's closing price on the Beta Movers bond?

Which classification of financial assets does a money market instrument fall under?

Harvest Fields sold ten September futures contracts on oats. Harvest Fields will:

You purchased five call option contracts with a strike price of $22.50 and an option premium of $.48. You held the option until the expiration date. On the expiration date, the stock was selling for $21.70 a share. What is the total profit or loss on your option position?

Use the following bond quotes to answer this question: Issuer Name Coupon Maturity High Low Last Change Alpha 5.875 Apr 2010 99.823 98.667 99.402 +.008 Industrial Beta Movers 7.120 May 2036 103.407 100.013 103.354 +.010 - What is the current price of a $1,000 face value Alpha Industrial bond?

The name preferred stock is in reference to the fact that:

Money market instruments:

Which one of the following represents a residual ownership interest in the issuing firm?

You want the right, but not the obligation, to sell 300 shares of ZZ Industries stock at a price of $30.00 per share and an option cost of $1. How much will it cost you to establish this option position?

Investing in a futures contract:

Use the following stock quotes to answer this question: $\text { 52-WEEK }$ Company Volume Close Chg High Low Buy Rite 5,078,420 101.13 -.05 104.90 82.13 Cloverdale 47,126,338 21.48 +.01 30.15 16.80 Ditch Digcer 11,298,006 48.19 -.13 55.62 48.19 What is the current yield on Buy Rite stock?

The price paid to purchase an option contract is called the:

Use these option quotes for JL stock to answer this question: Strike Symbol Lagt Chy Bid Agk Vol Open Int 47.50 JLHW.x 6.00 \uparrow.25 5.90 6.10 18 12 50.00 JLHJ.x 4.75 \uparrow.30 4.80 5.00 17 14 - What price will you receive (per underlying share)if you sell the 47.50 call option on JL stock?

The 47.50 put on a stock is trading at 1.32 bid and 1.37 ask. To buy one option contract, you must pay ________ at the time the contract is purchased.

When a put option is exercised, the:

A Brief History of Risk and Return

The Investment Process

Mutual Funds and Other Investment Companies

The Stock Market

Common Stock Valuation

Stock Price Behavior and Market Efficiency

Behavioral Finance and the Psychology of Investing

Interest Rates

Bond Prices and Yields

Diversification and Risky Asset Allocation

Return, Risk, and the Security Market Line

Performance Evaluation and Risk Management

Futures Contracts

Stock Options

Option Valuation

Alternative Investments

Corporate and Government Bonds

Projecting Cash Flow and Earnings

Global Economic Activity and Industry Analysis

Mortgage-Backed Securities

Filters