#1. john smith purchased 100 shares of xyz stock at $40 a share. one

#1. John Smith purchased 100 shares of XYZ stock at $40 a share. One year later, he sold the stock for $50 a share. He paid a broker a $32 commission when they purchased the stock and a $40 commission when they sold the stock. During the 12-month period he owned the stock, XYZ paid dividends that totaled $1. Calculate the Smith’s total return for this investment.

  1. 30.3%
  2. 22.7%
  3. 32.7%
  4. 25.5%

 

#2. As a stockholder of ABC, you receive its annual report. In the financial statements, the firm reported after-tax earnings of $5,200,000 and has issued 1,600,000 shares of common stock. The stock is currently selling for $36 a share.  What is the earnings per share for ABC?

  1. $2.25/share
  2. $0.29/share
  3. $3.25/share
  4. $0.70/share

 

#3. According to the “rule of 72,” a $2,000 investment earning 6% per year will double in

a.     3 years

b.    12 years

c.     8 years

d.    6 years

 

 

 

 

#4. Jane invested $52,000 in the Victorius Social Responsibility Fund. The management fee for this fund is 0.80 percent (ie, 0.8%) of the total asset value. Calculate the management fee Jane pays per year for this fund.

 

  1. $416
  2. 41,600
  3. 41.60
  4. 4,160

 

 

 

#5. Which type of fund can sell at a discount or premium to the net asset value?

 

 

  1. Mutual Fund
  2. Exchange Traded Fund
  3. Closed End Fund
  4. Money Market Fund
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