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实用文档
Chapter 04 Discounted Cash Flow Valuation Answer Key
Multiple Choice Questions
1. An annuity stream of cash flow payments is a set of:
A. level cash flows occurring each time period for a fixed length of time.
B. level cash flows occurring each time period forever.
C. increasing cash flows occurring each time period for a fixed length of time.
D. increasing cash flows occurring each time period forever.
E. arbitrary cash flows occurring each time period for no more than 10 years.
Difficulty level: Easy
Topic: ANNUITY
Type: DEFINITIONS
2. Annuities where the payments occur at the end of each time period are called
_____, whereas _____ refer to annuity streams with payments occurring at the
beginning of each time period.
A. ordinary annuities; early annuities
B. late annuities; straight annuities
C. straight annuities; late annuities
D. annuities due; ordinary annuities
E. ordinary annuities; annuities due
Difficulty level: Easy
Topic: ANNUITIES DUE
Type: DEFINITIONS
实用文档
3. An annuity stream where the payments occur forever is called a(n):
A. annuity due.
B. indemnity.
C. perpetuity.
D. amortized cash flow stream.
E. amortization table.
Difficulty level: Easy
Topic: PERPETUITY
Type: DEFINITIONS
4. The interest rate expressed in terms of the interest payment madeeach period
is called the _____ rate.
A. stated annual interest
B. compound annual interest
C. effective annual interest
D. periodic interest
E. daily interest
Difficulty level: Easy
Topic: STATED INTEREST RATES
Type: DEFINITIONS
5. The interest rate expressed as if it were compoundedonce per year is called
the _____ rate.
A. stated interest
B. compound interest
C. effective annual
D. periodic interest
E.
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