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| 1 | |
Stocks are quoted in fractions. |
| | A) | True |
| | B) | False |
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| 2 | |
Stocks never pay dividends. |
| | A) | True |
| | B) | False |
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| 3 | |
Online trading charges no commissions when buying or selling stocks. |
| | A) | True |
| | B) | False |
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| 4 | |
Interest rates on bonds can vary. |
| | A) | True |
| | B) | False |
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| 5 | |
If someone buys a bond for less than $1,000 they have purchased it at a premium. |
| | A) | True |
| | B) | False |
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| 6 | |
A mutual fund's NAV may change from day to day |
| | A) | True |
| | B) | False |
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| 7 | |
The PE Ratio: |
| | A) | Relates to bonds |
| | B) | Is always greater than 10 |
| | C) | Shows stock dividend |
| | D) | Is rounded to the nearest whole number |
| | E) | None of the above |
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| 8 | |
The stock yield is |
| | A) | The opening price per share |
| | B) | Rounded to the nearest tenth percent |
| | C) | The price earning ratio |
| | D) | The net change for the day |
| | E) | None of the above |
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| 9 | |
Annual earnings divided by total number of shares outstanding is: |
| | A) | PE Ratio |
| | B) | Earnings per share |
| | C) | Stock Yield |
| | D) | Closing price of stock |
| | E) | None of the above |
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| 10 | |
Bonds are usually quoted in: |
| | A) | Decimals |
| | B) | Percents |
| | C) | Fractions |
| | D) | Whole Numbers |
| | E) | None of the above |
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| 11 | |
A bond that closed at 94 down 1 closed yesterday in dollars at: |
| | A) | $960 |
| | B) | $950 |
| | C) | $20 |
| | D) | $940 |
| | E) | None of the above |
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| 12 | |
The stock of Rawshy pays a dividend of $.88. The stock opened at $18.53 and closed at $19.10. The stock yield is: |
| | A) | 4.4% |
| | B) | 4.6% |
| | C) | 4.3% |
| | D) | 4.4% |
| | E) | None of the above |
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| 13 | |
Joe Ring bought 100 shares of Google at $125.10 per share. Assume a commission of 3% of the purchase price. What is the total Joe paid? |
| | A) | $12,510.00 |
| | B) | $12,885.30 |
| | C) | $12,150.00 |
| | D) | $12,858.30 |
| | E) | None of the above |
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| 14 | |
Loyola Co. had annual earnings of $7.10 per share. Today the closing price of the stock is $75.88. The PE ratio is: |
| | A) | 9.3 |
| | B) | 9.6 |
| | C) | 10.7 |
| | D) | 11 |
| | E) | None of the above |
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| 15 | |
Grace Rice bought 6 bonds of Lee Co. 8 ¾ at 92 ½ and 5 bonds of Blue System 8 at 82 ¼. If the commission on the bonds is $3.00 per bond, the total cost is: |
| | A) | $9,662.50 |
| | B) | $9,626.50 |
| | C) | $9,695.50 |
| | D) | $9,596.50 |
| | E) | None of the above |
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