Question 1

Read the following bond market report from left to right for South Bundett Corporation. Provide the information requested. 
 
 Bonds Current Yield Volume Traded Last Net Change 
 SoBun 7 a 18 8.2 48 57 +2 
 
 SoBuns __________________________________________________________ 
 
 7 __________________________________________________________ 
 
 a __________________________________________________________ 
 
 18 __________________________________________________________ 
 
 8.2 __________________________________________________________ 
 
 48 __________________________________________________________ 
 
 57 __________________________________________________________ 
 
 +2 __________________________________________________________

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Question 2

A sales company pays an annual dividend of $3.02 and lists a closing price of $112. What is the current percent yield?

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Question 3

Todd purchased 270 shares of stock at $13.25 per share. The commission is 1.5% for round lots and an additional 5% for odd lots. What is the total cost of the transaction?

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Question 4

Mr. Noonan set up an investment program using an annuity due with payments of $750 at the beginning of each quarter. What is the amount of the annuity if he makes payments for 8 years in an account paying 10% compounded quarterly?

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Question 5

An Excel spreadsheet is being created as a record of bond purchases. The following columns have values entered: Column A: Number of Bonds Purchased, Column B: Face Value of Each Bond, Column C: Percent Price, Column E: Interest Rate. What are the Excel formulas for Column D: Market Value, Column F: $10 Commission per $1,000 Bond, and Column H: Annual Interest All Bonds? Use Row 2 in formulas.

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Question 6

A $700 bond at a 15.25% interest rate is purchased at 90% of face value. What is the rate of annual yield to the investor? Assume the bond is purchased on the interest date.

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Question 7

Randy is considering the purchase of 20 bonds. What is the total expenditure for these bonds? 
 
 Face value of each bond: $1,200 
 Price per bond: 55.5% 
 Interest rate: 12.125% 
 Commission per $1,500 bond: $15

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Question 8

What is the amount of the annuity due if there are payments of $250 quarterly for 3 years at 12%?

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Question 9

Tabitha is considering the purchase of 25 bonds. What is the annual interest for the bonds when the settlement date is on the interest date? 
 
 Face value of each bond: $900 
 Price per bond: 68.15% 
 Interest rate: 10.65% 
 Commission per $1,000 bond: $10

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Question 10

Tyler deposited $2,200 annually at a rate of 2.5%. What was the amount of an ordinary annuity after 15 years?

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Question 11

Flint purchased 430 shares of stock at $15.65 per share. The commission is 2.5% for round lots and an additional 4% for odd lots. What is the total cost of the transaction?

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Question 12

Tony has 325 shares of a computer manufacturer's common stock. There are dividends of $1,500,000 to be distributed among its common stockholders. There are 575,000 shares of common stock outstanding. How much will Tony receive?

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Question 13

Brent Burns uses Excel to prepare overviews of his investors portfolios including the percent increase or decrease of each of their investments. How could Brent use the formatting in Excel to draw attention to any investments whose value decreased since their previous meeting?

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Question 14

Bill purchased 100 shares of stock at $24.05 per share. The commission is 2.5% of the total transaction. What is the total cost of the transaction?

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Question 15

A corporation has 125,500 shares of common stock. The corporation had total earnings of $1,460,000, of which $650,000 was distributed to its stockholders. What is the earnings per share?

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Quiz 12: Annuities, Stocks, and Bonds

Read the following bond market report from left to right for South Bundett Corporation. Provide the information requested. Bonds Current Yield Volume Traded Last Net Change SoBun 7 a 18 8.2 48 57 +2 SoBuns 7 a 18 8.2 48 57 +2