复旦大学财务管理期中考试题.docx

PAGE 1  PAGE \* MERGEFORMAT 11 复旦大学管理学院 2015～2016学年第二学期期中考试试卷 □A卷 课程名称：__财务管理 _________ 课程代码：__969.003.1.01___ 开课院系：__管理学院会计系_________考试形式：______开卷_______ 姓 名： 学 号： 专 业： 题 号12345678910总 分得 分 选择题1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950判断题123456789101112131415一、选择题（每题1.5分，共75分） Consider a bond with a face value of $1,000, a coupon rate of 6%, a yield to maturity of 8%, and ten years to maturity. This bonds duration is:?A.?8.7 yearsB.?7.6 yearsC.?0.1 yearsD.?6.5 years A bond with a face value of $1,000, coupon rate of 0%, yield to maturity of 9%, and ten years to maturity. This bonds duration is:?A.?6.7 yearsB.?7.5 yearsC.?9.6 yearsD.?10.0 years A bond with duration of 10 years has yield to maturity of 10%. This bonds volatility is:?A.?9.09%B.?6.8%C.?14.6%D.?6.0% If a bonds volatility is 10% and the interest rate goes down by 0.75% (points) then the price of the bond:?A.?decreases by 10%B.?decreases by 7.5%C.?increases by 7.5%D.?increases by 0.75% Volatility of a bond is given by:I) Duration/ (1 + yield)II) Slope of the curve relating the bond price to the interest rateIII) Yield to maturity?A.?I onlyB.?II onlyC.?III onlyD.?I and II only The value of a common stock today depends on:?A.?Number of shares outstanding and the number of shareholdersB.?The expected future dividends and the discount rateC.?The Wall Street analystsD.?Present value of the future earnings per share Deluxe Company expects to pay a dividend of $2 per share at the end of year-1, $3 per share at the end of year-2 and then be sold for $32 per share. If the required rate on the stock is 15%, what is the current value of the stock??A.?$28.20B.?$32.17C.?$32.00D.?None of the given answers Casino Inc. is expected to pay a dividend of $3 per share at the end o