FIN 324 Quiz 30 Finance Multiple Choice Questions

Jun 27th, 2016
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Question 1 If a bond is purchased at a price below the face value, the yield to maturity is: greater than the stated interest rate. the same as the stated interest rate. less than the stated interest rate. zero. of no significance. Question 2 A long-term technique used by investors who purchase an equal dollar amount of the same stock at equal intervals in time is called: dollar cost averaging. dividend reinvestment plan. buy and hold technique. regulated transaction. secured transaction. Question 3 A stock that sells for less than $1 per share is called a: fractional stock. penny stock. dollar stock. ten-dollar stock. bad investment. Question 4 Which one of the following expenditures for retirees is likely to decrease? clothing expenses insurance expenses medical expenses expenses for leisure activities gifts and contributions Question 5 During your retirement, your employer’s health insurance plan and Medicare will cover your medical expenses. false true

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FIN 324 Quiz 30 Finance Multiple Choice QuestionsQuestion 1If a bond is purchased at a price below the face value, the yield to maturity is:greater than the stated interest rate.the same as the stated interest rate.less than the stated interest rate.zero.of no significance.Question 2A long-term technique used by investors who purchase an equal dollar amount of the same stockat equal intervals in time is called:dollar cost averaging.dividend reinvestment plan.buy and hold technique.regulated transaction.secured transaction.Question 3A stock that sells for less than $1 per share is called a:fractional stock.penny stock.dollar stock.ten-dollar stock.bad investment.Question 4Which one of the following expenditures for retirees is likely to decrease?clothing expensesinsurance expensesmedical expensesexpenses for leisure activitiesgifts and contributionsQuestion 5During your retirement, your employers health insurance plan and Medicare will cover yourmedical expenses.falsetrueQuestion 6What is likely to be an individuals single biggest asset?Their automobileTheir jewelryTheir bank accountTheir homeNone of the choicesQuestion 7With an open-end credit, you pay back one-time loans in a specified period of time in equalamounts.falsetrueQuestion 8Which of the following is most likely not a valid reason for using credit?Borrowing for a stay in a hospital because of appendicitisBorrowing to purchase a car so that you can go to work

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