Assume that you are nearing graduation and that you have applied for a job with a local bank. As part of the bank’s evaluation process, you have been asked to take an examination that covers several financial analysis techniques. The first section of the test addresses time value of money analysis. See how you would do by answering the following questions: Questions: (1) What is the future value of an initial $100 after three years if it is invested in an account paying 10% annual interest? (2) What is the present value of $100 to be received in three years if the appropriate interest rate is 10% per year? What is the difference between an ordinary annuity and an annuity due? What type of annuity is shown in the following cash flow time line? How would you change it to the other type of annuity? (1) What is the future value of a 3-year ordinary annuity of $100 if the appropriate interest rate is 10%? (2) What is the present value of the annuity? (3) What would the future and present values be if the annuity were an annuity due? (1) Define the stated, or quoted, or simple, rate, (rSIMPLE), annual percentage rate (APR), the periodic rate (rPER), and the effective annual rate (rEAR). (2) What is the effective annual rate for a simple rate of 10%, compounded semiannually? Compounded quarterly? Compounded daily? (1) Construct an amortization schedule for a $1,000 loan that has a 10%annual interest rate that is repaid in three equal installments.  

Just Rewrite This Paragraph So I can't find Palarsism (Typing Only)

One of the important aspects of trading costs is price impact. It is measured as ? and a higher value indicates a stronger impact on the price from trading. The regressions made in STATA has provided values for ? that will be discussed below.

Table 1 shows us that the price impact from trading volume is virtually zero if we are considering the net buy volume for both companies. This means that the sheer volume of trading does not impact the price. However, Table 2 has different results. The direction of trading has an impact, particularly for HM B where the difference in midpoint price has a positive correlation with the active side conducting the trading. However, the impact is significantly smaller for COA, which is a small cap traded stock.

HM B have significantly higher volumes of trades compared to COA with the largest trade landing on approx 100 000. It also has a much lower percentage fluctuation in stock price (1.5% compared to 31%) . Thus, one can conclude that HM B has a higher liquidity which means that larger quantities of shares can be traded without impacting the price.^[1] However, the low value of lambda indicates that COA also have a high liquidity.^[2] The higher ? for HM B can also be explained as an indication of informed trading as probably more information is available for HM B than COA.^[3]

To analyse trading costs, the bid-ask spread becomes important. As the bid-ask spread is higher, the total trading costs increases.^[4] Since we only have the transaction data, the spread will have to be approximated as the difference between NBB and NBO. To normalize the spread, it is divided by the midpoint value of that minute. Taking the average for all the minutes for HM B and COA, it results in the following.

1. Some firms eventually experience problems with their capacity to produce output as their output levels increase. For these firms,

   	a.	supply is less elastic at low levels of output and more elastic at high levels of output.
   	b.	market power is substantial.
   	c.	supply is more elastic at low levels of output and less elastic at high levels of output.
   	d.	supply is perfectly inelastic.

1 points   

QUESTION 2

1. Scenario 5-4
   Milk has an inelastic demand, and beef has an elastic demand. Suppose that a mysterious increase in bovine infertility decreases both the population of dairy cows and the population of beef cattle by 50 percent.

   Refer to Scenario 5-4. Total consumer spending on milk will

   	a.	increase, and total consumer spending on beef will increase.
   	b.	decrease, and total consumer spending on beef will increase.
   	c.	increase, and total consumer spending on beef will decrease.
   	d.	decrease, and total consumer spending on beef will decrease.

1 points   

QUESTION 3

1. The price elasticity of demand for a good is computed to be approximately 2. Which of the following events is consistent with a 0.1 percent increase in the price of the good?

   	a.	The quantity of the good demanded decreases from 200 to 100.
   	b.	The quantity of the good demanded decreases from 250 to 150.
   	c.	The quantity of the good demanded decreases by 0.05 percent.
   	d.	The quantity of the good demanded decreases by 0.2 percent.

1 points   

QUESTION 4

1. Using the midpoint method, the price elasticity of demand for a good is computed to be approximately 0.75. Which of the following events is consistent with a 10 percent decrease in the quantity of the good demanded?

   	a.	an increase in the price of the good from $10 to $17.50
   	b.	a 13.33 percent increase in the price of the good
   	c.	an increase in the price of the good from $7.50 to $10
   	d.	a 7.5 increase in the price of the good

On the basis of the following data, determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 9.

Periodic Inventory by Three Methods; Cost of Merchandise Sold

The units of an item available for sale during the year were as follows:

There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used.

Determine the inventory cost and the cost of merchandise sold by three methods. Round interim calculations to one decimal and final answers to the nearest whole dollar.

Partial Permutations

Find the number of 7-character (capital letter or digit) license plates possible if no character can repeat and: a) there are no further restrictions, b) the first 3 characters are letters and the last 4 are numbers, c) letters and numbers alternate, for example A3B9D7Q or 0Z3Q4A9

Combinations

A standard 52-card deck consists of 4 suits and 13 ranks. Find the number of 5-card hands where: a) any hand is allowed (namely the number of different hands) b) all five cards are of same suit c) all four suits are present d) all cards are of distinct ranks

Distribution Types

1) Which of the following sample spaces are uniform?

a) {land,sea} for a randomly point on a globe b) {odd, even} for a random integer from {1,2,. . . ,100} c) {leap year, non-leap year} for a random year before 2019 d) {two he{distance to origin} for a random point in {−3, −1, 1, 3} × {−4, −2, 2, 4} e) lads, two tails, one head and one tail} when flipping two fair coin

Inequalities

.in any uniform probability space: a) ?⊇? ⟶ ?(?)≥?(?) b) ?(?)≥?(?) ⟶ ?⊇? c) |?|≥|?| ⟶ ?(?)≥?(?) d) ?(?)≥?(?) ⟶ |?|≥|?|

Conditional Probability

Three fair coins are sequentially tossed. Find the probability that all are heads if: a) the first is tails b) the first is heads c) at least one is heads.