7. Pat pays $10,000 for a newly issued two-year government bond with a $10,000 face value and a 6 percent coupon rate. One year later, after receiving the first coupon payment, Pat sells the bond. If the current one-year interest rate on government bonds is 5 percent, then the price Pat receives is:

A. $10,000.

B. $500.

C. greater than $10,000.

D. less than $10,000.

8. Sydney purchases a newly-issued, two-year government bond with a principal amount of $10,000 and a coupon rate of 6% paid annually. One year before the bonds matures (and after receiving the coupon payment for the first year), Sydney sells the bond in the bond market. What price (rounded to the nearest dollar) will Sydney receive for his bond if the prevailing interest rate is 5%?

A. $9,524

B. $10,000

C. $10,095

D. $10,600

9. One year before maturity the price of a bond with a principal amount of $1,000 and a coupon rate of 5% paid annually fell to $981. The one year interest rate:

A. rose to 8.5%.

B. rose to 7.0%.

C. rose to 6.0%.

D. remained at 5%.

10. When Federal Reserve actions cause interest rates on newly issued bonds to decrease from 6% to 5%, the prices of existing bonds:

A. increase.

B. decrease.

C. remain unchanged.

D. decrease only if the coupon rate is less than 5%.

Summarize the following article in your own words(300 words)

Financial Restatements Hit Six-Year Low By Tatyana Shumsky Jun 7, 2017

The head office and logo of Valeant Pharmaceuticals International Inc. in Laval, Quebec, Canada. The drug maker was one of several companies to restate its financials during 2016. The head office and logo of Valeant Pharmaceuticals International Inc. in Laval, Quebec, Canada. The drug maker was one of several companies to restate its financials during 2016. PHOTO: AP The share of U.S. companies restating their results hit a six-year low in 2016, a sign that finance chiefs have strengthened their oversight of financial reporting in recent years. Just 671 public companies disclosed they would need to reissue or revise their financial filings last year, or 6.8% of the 9,831 companies, according to an upcoming annual study by Audit Analytics. That’s the lowest number of restatements in fifteen years and the lowest share since 2010, when 6.7% of companies disclosed they would need to restate financials. That year 847 out of 12,713 listed companies told investors a restatement was needed. Tighter regulation and a decline in the number of U.S. listed companies are the two key drivers. Finance chiefs have stepped up their controls over financial reporting to comply with the Sarbanes-Oxley Act of 2002. The law requires public companies to have an external auditor review the systems and processes they have in place to prevent financial fraud. “Any improvement in internal controls over financial reporting is going to reduce the likelihood of a financial restatement,” said Don Whalen, director of research at Audit Analytics. “And even if [a weakness] does happen, it’s going to be found more quickly and have less impact,” he added. At the same time, the number of U.S. listed companies has dropped 37% over the past decade. Startups are staying in private hands for longer because private equity and venture capital firms are flush with cash, meaning they can avoid public markets. Meanwhile, a boom of merger and acquisition activity has thinned the ranks of listed companies. With fewer companies reporting to the Securities and Exchange Commission, the number of of mistakes also declines. As a result, the number of restatements notched last year, at 671, was the lowest in a decade, but the rate was a six-year low. Larger companies have been more successful at avoiding reissuance restatements, which require them to re-file their financial reports with the SEC. Just 51 accelerated filers — companies with a public stock ownership of $700 million or more that have earlier deadlines for submitting their financials to the agency — disclosed reissuance restatements last year. This was the smallest number in the past seven years and accounted for 1.5% of the 3,334 companies that qualified as accelerated filers in 2016.

Behavioral genetics Tool Box) e.g. breeding experiments (selective-, in-, crossbreeding; hybridization of behavior; artificial selection, cross-fostering, twin analyses, and single gene mutations. Ex. Hygienic vs. non-hygienic bees, cricket song patterns, collecting nesting material in love birds, flight patterns of migratory birds. What do these experiments tell us about the origins of behavior? What are possible limitations?

A seed company is developing many strains of tomatoes by selective breeding. Trials of two similar but not identical strains with favorable qualities were done in two fields under similar conditions. The company would like to know if the population average weight of tomato for strain 2 (u2) is statistically significantly larger than the population average weight for stain 1 (u1). Consequently they picked at random 15 tomatoes from the field with strain 1 and 14 from the field with strain 2 and weighed them.

Weight grams:

strain 1

132, 68, 74, 93, 61, 81, 62, 68, 103, 72, 64, 104, 62, 86, 95.

strain 2

40, 88, 112, 127, 114, 124, 95, 125, 989, 86, 142, 130, 70, 81.

Does the strain 2 have significantly greater mean weight than for strain 1? Test this hypothesis at the alpha = 0.01 and 0.05 levels, using the two samples. Make the assumption that the weight is distributed normally in both populations with equal variances. You will be testing u1 vs u2.

1) Which diagram shows reject/ fail to reject regions for this problem?

2) what is the test statistic is use for question?

3) compute the sample means and standard deviations that you will need for 5 &6.

4) what is the test statistic value computed from the data in question 1 &3?

5) if the level of significance alpha is .01 state the critical values which you would use relevant to questions 1&4.

6) if the level of significance alpha is 0.05 state the critical value which you would use relevant to questions 1 and4.

The following jobs are waiting to be processed at the same machine center. Jobs are logged as they​ arrive:    

All dates are specified as manufacturing planning calendar days. Assume that all jobs arrive on day 275.

Assume each job starts at the beginning of the day and finishes at the end of the day​ (a job that begins on day 275 and takes 8 days will finish on day​ 282, and the next job begins in the morning of day​ 283). Compute all times based on initiating work on day 275.

​a) Using the FCFS​ (first come, first served​ ) decision rule for sequencing the​ jobs, the order is​ (assume that jobs came in the order in which they are listed in the​ table): ___A-B-C-D-E___

*The average tardiness​ (job lateness) for the sequence developed using the FCFS rule​ = ______ days ​(round your response to two decimal​ places).

*Calculate the percentage utilization for the sequence developed using the FCFS rule = _______ % (round your response to two decimal​ places).

​b) Using the EDD​ (earliest due​ date) decision rule for sequencing the​ jobs, to determine the order of the jobs​ (to resolve a​ tie, use the order in which the jobs were​ received).

*Under the EDD​ rule, jobs are scheduled in the order in which they are due. Arrange the due dates in ascending order to perform the scheduling: _______

*Calculate the average tardiness​ (job lateness) for the sequence developed using the EDD rule = _________ days (round your response to two decimal​ places).

*Calculate the percentage utilization for the sequence developed using the EDD rule = _______ % (round your response to two decimal​ places).

​c) Using the SPT​ (shortest processing​ time) decision rule for sequencing the​ jobs, determine the order of the jobs​ (to resolve a​ tie, use the order in which the jobs were​ received).

*Under the SPT​ rule, jobs are scheduled based on the ordering of the processing time with the shortest one first. Arrange the processing times in ascending order to perform the scheduling: _____________

*Calculate the average tardiness​ (job lateness) for the sequence developed using the SPT rule = _______ days (round your response to two decimal​ places).

*Calculate the percentage utilization for the sequence developed using the SPT rule = ________ % (round your response to two decimal​ places).

​d) Using the LPT​ (longest processing​ time) decision rule for sequencing the​ jobs, determine the order of the jobs​ (to resolve a​ tie, use the order in which the jobs were​ received).

*Under the LPT​ rule, jobs are scheduled based on the ordering of the processing time with the longest one first. Arrange the processing times in descending order to perform the scheduling: _________

*Calculate the average tardiness​ (job lateness) for the sequence developed using the LPT rule =_____ days (round your response to two decimal​ places).

*Calculate the percentage utilization for the sequence developed using the LTP rule = ______ % (round your response to two decimal​ places).

Below are the holding period returns for the past five years for Microsoft (MSFT) and the S&P 500

Date MSFT S&500

2017 15% 8%

2016 7% 9%

2015 25% 12%

2014 15% 7%

2013 6% 5%

a. Calculate the average arithmetic return and standard deviation for MSFT and the S&P500.

b. Assuming you are a risk averse investor and expect the next 12 months to be similar to the past twelve months. If you had to make a choice between investing in either MSFT or the S&P 500 which one would you choose? Why?

c. Assuming you could hold 50% of your funds in each security would this change your decision? (please calculate the average return and standard deviation of the equally weighted portfolio – assume a correlation coefficient of .5).

You are provided with the following information for Bridgeport Inc., which purchases its inventory from a supplier for cash and has only cash sales. Bridgeport uses the average cost formula in a perpetual inventory system. Increased competition has recently reduced the price of the product.

1. Prepare all journal entries for the month of April for Bridgeport, the buyer

2.Determine the ending inventory amount for Bridgeport

3. On April 30, Bridgeport learns that the product has a net realizable value of $51 per unit. What amount should ending inventory be valued at on the April statement of financial position

Write a program whose inputs are two integers, and whose output is the smallest of the two values.

Ex: If the input is: 7 15

output is: 7

passed through command line

*in python

We assume that our wages will increase as we gain experience and become more valuable to our employers. Wages also increase because of inflation. By examining a sample of employees at a given point in time, we can look at part of the picture. How does length of service (LOS) relate to wages? The data here (data45.dat) is the LOS in months and wages for 60 women who work in Indiana banks. Wages are yearly total income divided by the number of weeks worked. We have multiplied wages by a constant for reasons of confidentiality.

(a) Plot wages versus LOS. Consider the relationship and whether or not linear regression might be appropriate. (Do this on paper. Your instructor may ask you to turn in this graph.)

(b) Find the least-squares line. Summarize the significance test for the slope. What do you conclude?

(c) State carefully what the slope tells you about the relationship between wages and length of service.

As increase 1 unit in the independent variable (wages), the average change in the dependent variable (Los) is ??//.

This answer has not been graded yet.

(d) Give a 95% confidence interval for the slope.
(  ,  )

worker  wages   los     size
1       37.3992 63      Large
2       64.7929 102     Small
3       38.495  38      Small
4       66.1083 124     Small
5       38.6552 102     Large
6       52.1579 39      Small
7       46.307  70      Large
8       45.7795 41      Large
9       43.4066 59      Large
10      71.3603 32      Small
11      45.8326 84      Large
12      46.8145 31      Small
13      40.8481 19      Small
14      58.1816 152     Large
15      49.0047 153     Large
16      65.035  147     Large
17      57.275  32      Large
18      58.6007 139     Small
19      47.7213 93      Large
20      59.5509 73      Large
21      48.8784 83      Large
22      66.2058 19      Small
23      60.7252 34      Large
24      50.6957 40      Small
25      41.0456 20      Large
26      46.4612 68      Small
27      42.5717 117     Small
28      42.7551 16      Large
29      40.3404 36      Large
30      37.1373 27      Large
31      94.0428 19      Small
32      64.1811 27      Large
33      65.1248 95      Large
34      39.5958 85      Small
35      50.6298 114     Large
36      85.5969 82      Large
37      44.2446 43      Large
38      40.3853 89      Small
39      54.0249 73      Large
40      41.7716 84      Small
41      53.0517 70      Small
42      71.1145 77      Small
43      100.6858        25      Large
44      56.1299 65      Small
45      42.312  97      Large
46      44.9882 27      Small
47      44.392  73      Large
48      43.9313 144     Large
49      43.1781 70      Small
50      80.845  144     Large
51      48.5315 133     Large
52      74.1724 87      Large
53      38.8199 95      Large
54      56.2838 44      Small
55      46.4557 173     Small
56      38.1081 87      Large
57      72.9656 44      Small
58      49.6886 67      Large
59      41.4145 23      Small
60      61.6381 27      Large

Your financial planner gave you the following information about the two stocks. The risk free rate is 3%.

Google expected return 15% s.d. of return 8% Beta 1.2

GE expected return 9% s.d. of return 5%

8. Which one is a better investment opportunity based on Sharpe Ratio?

9. You want to invest $2,400 on GE and the $5,600 on Google. What is the expected return of your portfolio of two stocks?

10. Given the risk free rate 3%, Google’s Beta and expected return rate above, what must be the expected return rate of the stock market E(rm) according to CAPM formula?