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86 missed terms
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1 of 86
Term
What is the present value of a 30 year $1,500 annuity if interest rates
are 12% annually?
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$13,500.75 $12,082.78
$10,500.25 $11,250.50
, Don't know?
2 of 86
Term
The Johnston Company will pay an annual dividend of $2.50 next
year. The company has increased its dividend by 2.75 percent a year
for the past twenty years and expects to continue doing so. What
will a share of this stock be worth 12 years from now if the required
return is 12 percent?
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$48.15 $37.43
$30.92 $45.80
Don't know?
, 3 of 86
Term
Preferred stock:I. generally has a fixed dividend.II. generally has a
dividend that increases annually.III. receives preference in
bankruptcy over bonds.IV. receives preference in bankruptcy over
common stock.
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I and III only II and III only
II and IV only I and IV only
Don't know?
4 of 86
Term
You purchase a new car that costs $25,000. You finance the car
through the dealer who is charging you 2% interest with monthly
compounding. What will your monthly payments be if you choose a
4 year loan?
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$580.25 $542.38
, $565.75 $520.10
Don't know?
5 of 86
Term
What is the present value of $13,400 to be received 8 years
from today? Assume a discount rate of 5% compounded
annually and round to the nearest $10.
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$9,070 $7,090
$10,314 $1,177
Don't know?
Your time: 1 min
0% Correct 0
Incorrect 86
Next steps
86 missed terms
Practice terms in Learn Take a new test
Practice your missed
Try another test to boost
terms more until you get
your confidence.
them
right.
Your answers
1 of 86
Term
What is the present value of a 30 year $1,500 annuity if interest rates
are 12% annually?
Give this one a try later!
$13,500.75 $12,082.78
$10,500.25 $11,250.50
, Don't know?
2 of 86
Term
The Johnston Company will pay an annual dividend of $2.50 next
year. The company has increased its dividend by 2.75 percent a year
for the past twenty years and expects to continue doing so. What
will a share of this stock be worth 12 years from now if the required
return is 12 percent?
Give this one a try later!
$48.15 $37.43
$30.92 $45.80
Don't know?
, 3 of 86
Term
Preferred stock:I. generally has a fixed dividend.II. generally has a
dividend that increases annually.III. receives preference in
bankruptcy over bonds.IV. receives preference in bankruptcy over
common stock.
Give this one a try later!
I and III only II and III only
II and IV only I and IV only
Don't know?
4 of 86
Term
You purchase a new car that costs $25,000. You finance the car
through the dealer who is charging you 2% interest with monthly
compounding. What will your monthly payments be if you choose a
4 year loan?
Give this one a try later!
$580.25 $542.38
, $565.75 $520.10
Don't know?
5 of 86
Term
What is the present value of $13,400 to be received 8 years
from today? Assume a discount rate of 5% compounded
annually and round to the nearest $10.
Give this one a try later!
$9,070 $7,090
$10,314 $1,177
Don't know?
