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10/19/2018
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Course 171006- A Complete Guide to Investing
  Final Exam
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171006v - A Complete Guide to Investing

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Financial Planning
18 CPE Credit Hours

10/19/2018
Final Exam
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Read 'Chapter 1: Getting Started As An Investor' & answer the following question(s):
1. Sources of money for investing do not include
2. _______________ is NOT an example of intangible investments.
3. Short-term securities involve ­­_____ risk and offer _______.
4. The payment made when a bond matures includes
5. Options and futures are
6. In selecting investments consistent with your goals, you should consider
7. ______________ means there is an available market to sell the investment.
8. Which one of the following would be the LEAST liquid investment?
9. High expense investments do not include
10. Common stocks are a(n) ______ investment representing ______ of a business.
Read 'Chapter 2: Financial Markets And Investment Process' & answer the following question(s):
11. The price an individual investor will pay to purchase a stock in the OTC market is the
12. Brokerage accounts do not include
13. What is Nasdaq?
14. An odd-lot transaction is one having _____________ of a security.
15. Which one of the following is a major disadvantage of margin trading?
16. One reason for selling a security short is that the investor
Read 'Chapter 3: Return And Risk' & answer the following question(s):
17. From an investor's point of view, periodic payments such as interest and dividends that are received as a result of owning an investment are classified as
18. Ted bought a stock at a price of $35. He received a $2 dividend and sold the stock for $38. What is Ted’s total return on this investment?
19. Assume a certain stock was purchased for $55 and sold a year later for $61; in addition, over the course of the year, the stock paid a cash dividend of $2. Based on this information, the holding period return on the stock was
20. Perry bought a stock one year ago for $39 a share. He received a total of $1.10 in dividends. Today he sold the stock for $44 a share. Which one of the following statements is correct concerning this investment?
21. Taking the nth root of the product of n numbers creates the ____.
22. The geometric (compound) average return calculation is typically employed when:
23. In deciding your risk tolerance some of the factors to consider do not include
24. The type of risk most often associated with operating difficulties such as strike and technological obsolescence is
25. The market portfolio, such as Standard & Poor’s 500, has a beta of ____.
26. Inflation risk is high on
Read 'Chapter 4: Fundamental Analysis' & answer the following question(s):
27. A major premise of fundamental analysis is that
28. Which one of the following is not an objective of ratio analysis?
29. The analysis of financial statements involves the in-depth study of the
30. Which one of the following is NOT a macroeconomic variable?
31. Solvency is
32. A total asset turnover of 3 means that every
33. The measure that indicates how many times the firm's before-tax earnings would cover interest.
34. The ________ reflects both the firm's future growth prospects in earnings and the level of risk associated with future earnings.
Read 'Chapter 5: Technical Analysis' & answer the following question(s):
35. Primary assumptions underlying technical analysis includes all EXCEPT:
36. Supply and demand have very little to do with the _________ of security.
37. ___________________ refers to the rate of change of a stock price or market index over a period of time.
38. What is the Odd-Lot Trading Indicator?
39. ___________________ is not an indicator reflecting a contrarian view.
Read 'Chapter 6: Common Stocks And Preferred Stocks' & answer the following question(s):
40. Securities as a broad range of investment instruments do not include
41. Characteristics of common stock do not include
Read 'Chapter 7: How Much Are You Willing To Pay For A Common Stock?' & answer the following question(s):
42. The adage that "the sooner one receives a return on a given investment, the better," reflects the financial concept known as the
43. Approaches to determine a fundamental value for a security investment do not include:
44. Common stock growth dividends cannot be explained by
45. Some price/earnings ratios approaches do not include
Read 'Chapter 8: Fixed Income Securities' & answer the following question(s):
46. Bond characteristics do not include
47. As an investment vehicle, fixed income securities can provide income in the form of
48. The single most important force in the bond market is
49. Which one of the following correctly describes the effect of a decline in interest rates on bond prices?
50. A 6%, $1,000 bond was issued three years ago by the Ibis Corporation. If the prevailing market rate for interest on comparable bonds is now 5%, then the Ibis bond pays its bondholders annual interest of
51. If a bond is called
52. Many term bonds are issued with a sinking fund provision. This provision indicates
53. Serial obligation bonds differ from most other bonds because
54. Which of the following federal agencies does not make up the secondary market in home mortgages?
55. Fixed income securities do not include
Read 'Chapter 9: Investing In Options' & answer the following question(s):
56. Leverage instruments do not include
57. The cost of an option (premium) depends on all EXCEPT
58. For a call purchased on an organized security exchange, the strike price specifies the
59. For all practical purposes, listed stock options always expire
60. Southwest, Inc. stock is trading at $48 a share. The July 45 call on Southwest has a strike of $45. What is the value of one July 45 call contract?
61. If a call is out-of-the money, then the
62. The most important factor affecting the market price of a put or call is the
63. A “spread” is the purchase of an option for the long position and does NOT include
Read 'Chapter 10: Futures Contracts' & answer the following question(s):
64. ____________________ futures is NOT a type of financial futures.
65. One reason that commodities appeal to investors is because they
66. One of the biggest differences between a futures option and a futures contract is that
67. The futures market contains two primary types of traders: hedgers and speculators. In this context, speculators
68. The minimum amount of margin that must be kept in an account for futures contracts is known as the
69. Which of the following is NOT true with respect to financial futures?
70. Interest rate futures are traded on all the following EXCEPT
Read 'Chapter 11: Global Investing' & answer the following question(s):
71. The advantages of global investment include all EXCEPT
72. Adding international investments to a portfolio of US securities __________ your risk.
73. Which of the following statements is FALSE about ADRs?
74. ________________ is not an international ETF fund.
Read 'Chapter 12: Tax-Advantaged Investments' & answer the following question(s):
75. Before investing in Real Estate Investment Trusts (REITs) you must consider all the following EXCEPT
76. Company-sponsored pension funds do not include:
77. ___________________ is NOT an excellent investment vehicle for retirement planning.
78. REITs are companies similar to
Read 'Chapter 13: Mutual Funds' & answer the following question(s):
79. A mutual fund has $10 million in assets and $1 million in liabilities. There are 400,000 fund shares outstanding. What is the net asset value (NAV) of this fund?
80. Closed-end funds are
81. An ETF is a
82. A fund which invests exclusively in energy stocks is an example of a(n)
83. A fund that is designed to match the performance of a measure such as the S & P 500 or the Russell 2000 is called a(n)
84. Dollar cost averaging is a procedure by which an investor
85. Hedge funds use aggressive investment strategies. These strategies do not include
86. Mutual funds may NOT include
Read 'Chapter 14: Diversification, Portfolio Constriction, And Asset Allocation' & answer the following question(s):
87. One of the best ways to allocate assets is with _________________.
88. _______________ is one of several statistics that you can use to construct and/or adjust your own portfolio.
89. Marti is 31 years old and is saving for retirement. Which one of the following portfolio allocations might best suit her situation if she is willing to accept a fair amount of risk in exchange for long-term capital appreciation?
90. Fred and Martha are in their seventies and retired. Which one of the following sets of portfolio statistics might best suit their situation if their primary investment goal is current income with limited risk?
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