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1) Betty and John Martinez own 220 shares of ExxonMobil common stock. ExxonMobil’s annual dividend is $2.28 per share. What is the amount of the dividend check that the Martinez couple will receive for this year? PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078720\">" MACROBUTTON HTMLDirect ?A. $502.60 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078721\">" MACROBUTTON HTMLDirect ?B. $506.10 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078718\">" MACROBUTTON HTMLDirect ?C. $510.60 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078719\">" MACROBUTTON HTMLDirect ?D. $501.602) In March, stockholders of 3D Systems Corporation approved a two for one stock split. After the split, how many shares of 3D Systems stock will an investor have if she or he owned 230 shares before the split?? PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078725\">" MACROBUTTON HTMLDirect ?A. 230 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078723\">" MACROBUTTON HTMLDirect ?B. 430 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078722\">" MACROBUTTON HTMLDirect ?C. 260 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078724\">" MACROBUTTON HTMLDirect ?D. 4603) Tammy Jackson purchased 100 shares of All-American Manufacturing Company stock at $31.50 a share. One year later, she sold the stock for $38 a share. She paid her broker a $15 commission when she purchased the stock and a $29 commission when she sold it. During the 12 months that she owned the stock, she received $160 in dividends. Calculate Tammy’s total return on this investment.? PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078692\">" MACROBUTTON HTMLDirect ?A. $606 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078690\">" MACROBUTTON HTMLDirect ?B. $3,771 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078691\">" MACROBUTTON HTMLDirect ?C. $3,165 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078693\">" MACROBUTTON HTMLDirect ?D. $7664) Assume you own shares in Honeywell, Inc. and that the company currently earns $3.69 per share and pays annual dividend payments that total $1.64 a share each year. Calculate the dividend payout percentage for Honeywell. PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078746\">" MACROBUTTON HTMLDirect ?A. 44.4% PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078749\">" MACROBUTTON HTMLDirect ?B. 45.4% PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078748\">" MACROBUTTON HTMLDirect ?C. 41.4% PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078747\">" MACROBUTTON HTMLDirect ?D. 42.4%5) Two years ago, you purchased 100 shares of Coca-Cola Company. Your purchase price was $33 a share, plus a total commission of $29 to purchase the stock. During the last two years, you have received the following dividend amounts: $0.94 per share for the first year, and $1.12 per share, the second year. Also assume that at the end of two years, you sold your Coca-Cola stock for $40 a share minus a total commission of $34 to sell the stock. Calculate the dividend yield for your Coca Cola stock at the time you purchased it.? PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078694\">" MACROBUTTON HTMLDirect ?A. 5.82% PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078695\">" MACROBUTTON HTMLDirect ?B. 2.58% PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078696\">" MACROBUTTON HTMLDirect ?C. 2.85% PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078697\">" MACROBUTTON HTMLDirect ?D. 8.25%6) After researching Best Buy common stock, Sally Jackson is convinced that the stock is overpriced. She contacts her account executive and arranges to sell short 200 shares of Best Buy. At the time of the sale, a share of common stock had a value of $27. Three months later, Best Buy was selling for $18 a share and Sally instructs her broker to cover her short transaction. Total commissions to buy and sell the stock were $74. What is her profit for this short transaction? PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078714\">" MACROBUTTON HTMLDirect ?A. $9 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078715\">" MACROBUTTON HTMLDirect ?B. $18 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078717\">" MACROBUTTON HTMLDirect ?C. $27 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078716\">" MACROBUTTON HTMLDirect ?D. $747) Jackson Metals, Inc. issued a $1,000 convertible corporate bond. Each bond is convertible to 40 shares of the firm’s common stock. What price must the common stock reach before investors would consider converting their bond to common stock?? PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078729\">" MACROBUTTON HTMLDirect ?A. $30 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078726\">" MACROBUTTON HTMLDirect ?B. $45 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078728\">" MACROBUTTON HTMLDirect ?C. $25 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078727\">" MACROBUTTON HTMLDirect ?D. $408) Jean Miller purchased a $1,000 corporate bond for $910. The bond pays 5 percent annual interest. Three years later, she sold the bond for $1,010. Calculate the total return for Ms. Miller’s bond investment. PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078703\">" MACROBUTTON HTMLDirect ?A. $250 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078702\">" MACROBUTTON HTMLDirect ?B. $50 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078705\">" MACROBUTTON HTMLDirect ?C. $150 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078704\">" MACROBUTTON HTMLDirect ?D. $1009)Given the following information, calculate the net asset value for the Boston Equity mutual fund.Total assets:??????????????????????? $240,000,000Total liabilities:???????????????????????? $8,000,000Total number of shares:???????????? 5,000,000 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078740\">" MACROBUTTON HTMLDirect ?A. $46.80 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078738\">" MACROBUTTON HTMLDirect ?B. $46.70 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078741\">" MACROBUTTON HTMLDirect ?C. $46.50 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078739\">" MACROBUTTON HTMLDirect ?D. $46.4010) Assume that one year ago you bought 100 shares of a mutual fund for $13.50 per share, you received $0.42 per share capital gain distribution during the past 12 months, and the market value of the fund is now $17. Calculate the total dollar return for this investment if you were to sell it now.? PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078737\">" MACROBUTTON HTMLDirect ?A. $392 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078734\">" MACROBUTTON HTMLDirect ?B. $350 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078735\">" MACROBUTTON HTMLDirect ?C. $420 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078736\">" MACROBUTTON HTMLDirect ?D. $1,35011) In the prospectus for the Brazos Small Cap Fund, the fee table indicates that the fund has a 12b -1 fee of 0.35 percent and an expense ratio of 1.65 percent that is collected once a year on December 1. If Joan and Don Norwood have shares valued at $31,000 on December 1, what is the amount of the 12b-1 fee this year?? PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078742\">" MACROBUTTON HTMLDirect ?A. $105.80 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078743\">" MACROBUTTON HTMLDirect ?B. $106.50 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078744\">" MACROBUTTON HTMLDirect ?C. $108.50 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078745\">" MACROBUTTON HTMLDirect ?D. $105.6012) Dave bought a rental property for $200,000 cash. One year later, he sold it for $240,000. What was the return on his $200,000 investment? PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078701\">" MACROBUTTON HTMLDirect ?A. 20% PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078699\">" MACROBUTTON HTMLDirect ?B. 200% PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078698\">" MACROBUTTON HTMLDirect ?C. 40% PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078700\">" MACROBUTTON HTMLDirect ?D. 240%13) Dave bought a rental property for $200,000 cash. One year later, he sold it for $240,000. Suppose Dave invested only $20,000 of his own money and borrowed $180,000 interest-free from his rich father. What was his return on investment? PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078730\">" MACROBUTTON HTMLDirect ?A. 240% PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078731\">" MACROBUTTON HTMLDirect ?B. 20% PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078732\">" MACROBUTTON HTMLDirect ?C. 200% PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078733\">" MACROBUTTON HTMLDirect ?D. 40%14) Felice bought a duplex apartment at a cost of $150,000. Her mortgage payments on the property are $940 per month, $121 of which can be deducted from her income taxes. Her real estate taxes total $1,440 per year, and insurance costs $900 per year. She estimates that she will spend $1,000 each year per apartment for maintenance, replacing appliances, and other costs. The tenants will pay for all utilities. What monthly rent must she charge for each apartment to break even? PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078706\">" MACROBUTTON HTMLDirect ?A. $550.90 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078709\">" MACROBUTTON HTMLDirect ?B. $1,181.00 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078708\">" MACROBUTTON HTMLDirect ?C. $1,811.00 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078707\">" MACROBUTTON HTMLDirect ?D. $590.5015) Assume your home is assessed at $200,000. You have a $150,000 loan for 30 years at 6 percent. Your property tax rate is 1.5 percent of the assessed value. In year one, you would pay $9,000 in mortgage interest and $3,000 in property tax (1.5 percent on $200,000 assessed value). What is the total deduction you can take on your federal income tax return? PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078710\">" MACROBUTTON HTMLDirect ?A. $15,000 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078712\">" MACROBUTTON HTMLDirect ?B. $9,000 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078711\">" MACROBUTTON HTMLDirect ?C. $12,000 PRIVATE "<INPUT TYPE=\"radio\" NAME=\"takeAssessmentForm:_id60:0:_id122:0:deliverMultipleChoiceSingleCorrect:_id865\" VALUE=\"6078713\">" MACROBUTTON HTMLDirect ?D. $3,000 ................
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