Midterm Exam #1 - Solution

                        Finance 325

                     February 24, 2011

Student ID#:

Name:

Exam Instructions:

This exam should have 4 pages (including this one) and 7 questions. The

point value is given for each problem. The entire exam is worth 100 points.

You may use a calculator and the provided formula sheet on this exam.

You must show your work in order to receive credit for your answers.

Partial credit will be given for partially correct answers.

If a question asks Why/Explain, you should give an explanation that

would convince a skeptic.

You may use the back of a page if you need additional space to write an

answer.

Suggestions:

Use your time wisely. Move on to another problem if you...