The document contains practice quiz questions and answers for a finance course. Question 1 asks about calculating the previous day's closing stock price given the current day's closing price and change. The answer is that the previous closing price is the current closing price minus the net change.

1. Buy here:
http://homework.plus/finc-600-week-2-practice-quiz/
Question 1 of 15 1.0/ 1.0 Points
If the Wall Street Journal Quotation for a company has the following values close: 55.14; Net
chg: = + 1.04; then the closing price for the stock for the previous trading day was?
A.$56.18

2. B.$54.10
C.$55.66
D.None of
the above.
Fee
dba

3. ck:
Pre
viou
s
clos
ing
=
tod
ay's
clos
ing
net
chg
. =
55.
14 -
1.0
4 =
$54
.10

4. Q
u
e
s
t
i
o
n
2
o
f
1
5
1
.
0
/
1
.
0
P
o
i
n
t
s
The value of a common stock today depends on:
A
.

5. N
u
m
b
e
r
o
f
s
h
a
r
e
s
o
u
t
s
t
a
n
d
i
n
g
a
n
d

6. t
h
e
n
u
m
b
e
r
o
f
s
h
a
r
e
h
o
l
d
e
r
s

7. B
.
T
h
e
e
x
p
e
c
t
e
d
f
u
t
u
r
e
d
i
v
i
d
e
n
d
s

8. a
n
d
t
h
e
d
i
s
c
o
u
n
t
r
a
t
e
C
.
T
h
e
W

9. a
l
l
S
t
r
e
e
t
a
n
a
l
y
s
t
s
D
.
P
r
e
s
e

10. n
t
v
a
l
u
e
o
f
t
h
e
f
u
t
u
r
e
e
a
r
n
i
n
g
s
p
e

11. r
s
h
a
r
e
Q
u
e
s
t
1
.
0
/
1

12. i
o
n
3
o
f
1
5
.
0
P
o
i
n
t
s
Company X has a P/E ratio of 10 and a stock price of $50 per share. Calculate earnings per
share of the company.
A
.
$
6
p
e
r

13. s
h
a
r
e
B
.
$
1
0
p
e
r
s
h
a
r
e
C
.
$

14. 0
.
2
0
p
e
r
s
h
a
r
e
D
.
$
5
p
e
r
s
h
a

15. r
e
F
e
e
d
b
a
c
k
:
E
P

16. S
=
5
0
/
1
0
=
$
5
Q
u
e
s
t
i
o
1
.
0
/
1
.
0

17. n
4
o
f
1
5
P
o
i
n
t
s
Which of the following stocks is/are a growth stock(s)?
A
.
U
n
i
l
e
v

18. e
r
B
.
C
u
m
m
i
n
s
,
I
n
c
C
.
S
t
a
r

19. b
u
c
k
s
D
.
A
l
l
o
f
t
h
e
a
b
o
v
e
a
r
e
g

20. r
o
w
t
h
s
t
o
c
k
s

21. Q
u
e
s
t
i
o
n
5
o
f
1
5
1
.
0
/
1
.
0
P
o
i
n
t
s
Universal Air is a no growth firm and has two million shares outstanding. It is expected to
earn a constant 20 million per year on its assets. If all earnings are paid out as dividends and
the cost of capital is 10%, calculate the current price per share for the stock.

22. A
.
$
2
0
0
B
.
$
1
5
0
C
.
$
1
0
0

23. D
.
$
5
0
F
e
e
d
b
a
c
k

24. :
E
P
S
=
D
P
S
=
2
0
/
2
=
$
1
0
p
e
r
s
h
a
r
e
=
P
o

25. =
1
0
/
0
.
1
=
1
0
0
Q
u
e
s
t
i
1
.
0
/
1
.

26. o
n
6
o
f
1
5
0
P
o
i
n
t
s
Which of the following investment rules does not use the time value of the money concept?
A
.
N
e
t
p
r
e
s

27. e
n
t
v
a
l
u
e
B
.
I
n
t
e
r
n
a
l
r
a
t
e
o
f

28. r
e
t
u
r
n
C
.
T
h
e
p
a
y
b
a
c
k
p
e
r
i

29. o
d
D
.
A
l
l
o
f
t
h
e
a
b
o
v
e
u
s
e
t
h
e
t

30. i
m
e
v
a
l
u
e
c
o
n
c
e
p
t