1. A company declared a dividend of $2,200,000. The company has 55,000 shares of common stock
outstanding. What are the dividends per share of common stock?
A. $0.40 per shareB. $4 per shareC. $40 per shareD. $400 per share
2. A mutual fund has total assets of $57,000,000 and liabilities of $8,550,000. If 15,960,000 shares are outstanding, what is the net asset value of the fund?
A. $1.30 per share B. $3.04 per shareC. $3.28 per shareD. $4.80 per share
3. Look at the bar graph shown in Figure A-5. This graph illustrates the amount of heating oil that was
consumed over the winter months in the Henderson household. According to the graph, during which
month did the Hendersons use the largest amount of heating oil?
A. JanuaryB. FebruaryC. NovemberD. December
4. According to the bar graph shown in Figure A-5, what was the smallest amount of heating oil the Hendersons used during any one month?
A. 10.0 gallonsB. 10.5 gallonsC. 11.0 gallonsD. 11.5 gallons
5. Sam bought a stereo for a total of $676.24, including state sales tax. The state sales tax rate is 7%. What was the total amount of sales tax on the stereo?
A. $632.00B. $85.59C. $47.34D. $44.24
6. The Shawnee Company paid a dividend of $0.42 per share last year. If the current selling price of stock is $27.38, what is the current yield on the stock?
A. 0.7%B. 1.5%C. 1.7%D. 6.5%
7. When discussing stocks, the term proceeds refers to
A. the fee the stockbroker charges to assist with the sale or purchase of stocks
B. the amount the investor is earning on a stock as compared to other investments
C. stocks that don't have a par value
D. the amount of money an investor receives after selling a stock
8. A street vendor recorded the following hot dog sales for the week: 100 on Monday, 87 on Tuesday,
95 on Wednesday, 125 on Thursday, 210 on Friday, 250 on Saturday, and 57 on Sunday. What is the mean
sales per day?
A. 210B. 185C. 132D. 57
9. What is the purchase price of 15 Colombian Corp. bonds with a coupon rate 7 ¾ and a current market price of 98? The commission charge is $8 per bond. The date of the transaction is March 1, and the bond pays
interest on November 1 and May 1.
A. $15,207.45B. $13,206.50C. $12,811.33D. $1,013.83
10. A property insurance policy has an annual premium of $780. What is the regular refund if the policy is
canceled by the insurance company after 5 months?
A. $455.00B. $325.00C. $156.00 D. $111.43
11. What is the total amount of tax due on a property with an assessed value of $315,200? The property
tax rate is 53.7 mills.
A. $169,262.40B. $16,926.24C. $5,869.65D. $315.00
12. Determine the median of the following numbers: 25,28,22,27,25,20,30,23,27, and 29.
A. 26B. 26C. 27D. 28
13. Leona purchased 1,200 shares of the Lakeview Mutual Fund at an offer price of $4.20 per share. She later sold the shares at a net asset value of $4.95 per share. During the time Leona earned the shares, Lakeview paid a dividend of $0.42 per share. What is her return on investment?
A. 27.9%B. 17.9% C. 10.7%D. 3.6%
14. Which of the following is a type of vehicle insurance that covers damage sustained by the insured's vehicle in an accident?
A. CollisionB. LiabilityC. ComprehensiveD. Deductible
15. Martha Stevens has a tax liability of $6,420 and owes additional taxes amounting to $235. She is entitled to one tax credit of $374 and another credit of $$563. If her employer with-holds $260 every 2 weeks from her pay Martha will
A. receive a refund of $340B. receive a refund of $1,042
C. owe taxes amounting to $340D. owe taxes amounting to $1042
16. Find the range of the following set of numbers: 247, 562, 498, 149, 568, 327, and 470.
A. 498B. 470C. 419D. 403
17. A life insurance policy that pays whether the policyholder lives or dies is called
A. premium insuranceB. face value insuranceC. term insurance D. permanent insurance
18. A frequency distribution is obtained by
A. listing the values in sets of data individually
B. taking the difference between the highest and the lowest value in each set of data
C. summing the values of a set of data and dividing by the number of values in the set
D. dividing a set of data into equal-size classes
19. When a bond is selling for more than its par value it is selling at a
A. coupon rateB. premiumC. discountD. debenture
20. Find the mode of the following list prices: $1.67, $1.29, $0.79, $1.29, $0.89, $0.89, $0.79, $1.67, $0.79, $0.57, and $0.79.
A. $0.57B. $0.79C. $0.89D. $1.67
21. If you buy 8 bottles of soda that cost $1.29 each and the sales tax is 6%, what will be the total amount of your purchase. round your answer to the nearest cent.
A. $9.71B. $10.32C. $10.94D. $16.32