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FIN 534 Entire Course FOR MORE CLASSES VISIT
www.fin534rank.com   FIN 534 Week 1 Chapter 1
Solution FIN 534 Week 1 Chapter 2 Solution FIN
534 Week 2 Chapter 3 Solution FIN 534 Week 3
Chapter 4 Solution FIN 534 Week 3 Chapter 5
Solution
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FIN 534 Final Exam Set 1 (4 Sets) FOR MORE
CLASSES VISIT www.fin534rank.com   FIN 534 Final
Exam Part 1 Set 1                Question
1                         BLW Corporation is
considering the terms to be set on the options it
plans to issue to its executives. Which of the
following actions would decrease the value of the
options, other things held constant?
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FIN 534 Final Exam Set 2 (4 Sets) FOR MORE
CLASSES VISIT www.fin534rank.com   FIN 534 Final
Exam Part 2 Set 1               Which of the
following is NOT normally regarded as being a
good reason to establish an ESOP?                 
                               Question
2             Which of the following is NOT
normally regarded as being a barrier to hostile
takeovers?
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FIN 534 Week 1 Chapter 1 Solution FOR MORE
CLASSES VISIT www.fin534rank.com   Which of the
following statements is CORRECT?   a. One of the
disadvantages of a sole proprietorship is that
the proprietor is exposed to unlimited
liability. b. It is generally easier to transfer
ones ownership interest in a partnership than in
a corporation. c. One of the advantages of the
corporate form of organization is that it avoids
double taxation. d. One of the advantages of a
corporation from a social standpoint is that
every stockholder has equal voting rights, i.e.,
one person, one vote.
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FIN 534 Week 1 Chapter 2 Solution FOR MORE
CLASSES VISIT www.fin534rank.com   Which of the
following statements is CORRECT?  a. Typically, a
firms DPS should exceed its EPS. b. Typically, a
firms EBIT should exceed its EBITDA. c. If a
firm is more profitable than average (e.g.,
Google), we would normally expect to see its
stock price exceed its book value per share. d.
If a firm is more profitable than most other
firms, we would normally expect to see its book
value per share exceed its stock price,
especially after several years of high inflation.
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FIN 534 Week 1 DQ 1 FOR MORE CLASSES VISIT
www.fin534rank.com   Imagine a startup company
of your own and briefly trace its development
from a sole proprietorship to a major corporation
with a focus on how that development would be
financed.
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FIN 534 Week 1 DQ 2 FOR MORE CLASSES VISIT
www.fin534rank.com   Week 1 discussion 2 Discuss
ways that the basic concepts we have discussed in
this chapter directly impact your life. Provide
specific examples to support your response.
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FIN 534 Week 1 Quiz 1 FOR MORE CLASSES VISIT
www.fin534rank.com   Question 1 You recently
sold 100 shares of your new company, XYZ
Corporation, to your brother at a family
reunion.  At the reunion your brother gave you a
check for the stock and you gave your brother the
stock certificates.  Which of the following
statements best describes this transaction? 1)
This is an example of an exchange of physical
assets. 2) This is an example of a primary market
transaction. 3) This is an example of a direct
transfer of capital.
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FIN 534 Week 2 Chapter 3 Solution FOR MORE
CLASSES VISIT www.fin534rank.com   Which of the
following statements is CORRECT? a. The ratio of
long-term debt to total capital is more likely to
experience seasonal fluctuations than is either
the DSO or the inventory turnover ratio. b. If
two firms have the same ROA, the firm with the
most debt can be expected to have the lower
ROE. c. An increase in the DSO, other things held
constant, could be expected to increase the total
assets turnover ratio. d. An increase in the DSO,
other things held constant, could be expected to
increase the ROE.
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FIN 534 Week 2 DQ 1 FOR MORE CLASSES VISIT
www.fin534rank.com   Week 2 discussion 1 Assume
you are deciding whether or not to invest in a
particular company. Discuss which elements of
which financial statements you would want to
carefully examine. Explain your rationale.
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FIN 534 Week 2 DQ 2 FOR MORE CLASSES VISIT
www.fin534rank.com   Week 2 discussion 2 From
the e-Activity, determine if the company you
analyzed would be a good investment for you or
not. Provide specific examples to support your
response.
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FIN 534 Week 3 Chapter 4 Solution FOR MORE
CLASSES VISIT www.fin534rank.com   A 50,000
loan is to be amortized over 7 years, with annual
end-of-year payments. Which of these statements
is CORRECT? a. The annual payments would be
larger if the interest rate were lower. b. If the
loan were amortized over 10 years rather than 7
years, and if the interest rate were the same in
either case, the first payment would include more
dollars of interest under the 7-year amortization
plan.
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FIN 534 Week 3 Chapter 5 Solution FOR MORE
CLASSES VISIT www.fin534rank.com   Three 1,000
face value bonds that mature in 10 years have the
same level of risk, hence their YTMs are equal.
Bond A has an 8 annual coupon, Bond B has a 10
annual coupon, and Bond C has a 12 annual
coupon. Bond B sells at par. Assuming interest
rates remain constant for the next 10 years,
which of the following statements is CORRECT? a.
Bond As current yield will increase each
year. b. Since the bonds have the same YTM, they
should all have the same price, and since
interest rates are not expected to change, their
prices should all remain at their current levels
until maturity. c. Bond C sells at a premium (its
price is greater than par), and its price is
expected to increase over
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FIN 534 Week 3 DQ 1 FOR MORE CLASSES VISIT
www.fin534rank.com   Week 3 discussion
1 Starting with your current situation, describe
what you must do to ensure an annual retirement
income of 60,000 starting at age 65.
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FIN 534 Week 3 DQ 2 FOR MORE CLASSES VISIT
www.fin534rank.com   Week 3 discussion 2 Discuss
the impact of Standard Poors downgrading the
U.S. credit rating in 2011. Address current and
likely future impact on U.S. business,
individuals, the global economy and current
financial practices. Provide specific examples to
support your response.
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FIN 534 Week 4 Chapter 6 Solution FOR MORE
CLASSES VISIT www.fin534rank.com   Which of the
following statements is CORRECT? a. If you add
enough randomly selected stocks to a portfolio,
you can completely eliminate all of the market
risk from the portfolio. b. If you were
restricted to investing in publicly traded common
stocks, yet you wanted to minimize the riskiness
of your portfolio as measured by its beta, then
according to the CAPM theory you should invest an
equal amount of money in each stock in the
market. That is, if there were 10,000 traded
stocks in the world, the least risky possible
portfolio would include some shares of each one.
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FIN 534 Week 4 Chapter 7 Solution FOR MORE
CLASSES VISIT www.fin534rank.com   Which of the
following statements is CORRECT? a. The constant
growth model takes into consideration the capital
gains investors expect to earn on a stock. b. Two
firms with the same expected dividend and growth
rates must also have the same stock price. c. It
is appropriate to use the constant growth model
to estimate a stock's value even if its growth
rate is never expected to become constant.
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FIN 534 Week 4 DQ 1 FOR MORE CLASSES VISIT
www.fin534rank.com   Week 4 discussion 1 Drawing
on what you discovered in the e-Activity, discuss
how instances of corporate mismanagement or fraud
should be taken into account when assessing the
risks associated with certain types of
investments.  Information is the investor's best
tool when it comes to investing wisely. Often,
the lack of reliable, readily available, current
information also opens the door to fraud. It is
easier for the unscrupulous to spread false
information and to manipulate a stock's price
when accurate information about the company is
scarce.
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FIN 534 Week 4 DQ 2 FOR MORE CLASSES VISIT
www.fin534rank.com   Week 4 discussion 2 Discuss
the non-rational factors that may have a role in
the valuation of stocks and stock market
equilibrium. Provide specific examples to support
your response.
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FIN 534 Week 4 Quiz 3 FOR MORE CLASSES VISIT
www.fin534rank.com   Which of the following
statements is CORRECT? 1)      A time line is not
meaningful unless all cash flows occur
annually 2)      Time lines are useful for
visualizing complex problems prior to doing
actual calculations 3)      Time lines cannot be
constructed to deal with situations where some of
the cash flows occur annually but others occur
quarterly
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FIN 534 Week 5 Chapter 8 Solution FOR MORE
CLASSES VISIT www.fin534rank.com   Which of the
following statements is CORRECT? a. Put options
give investors the right to buy a stock at a
certain strike price before a specified date. b.
Call options give investors the right to sell a
stock at a certain strike price before a
specified date. c. Options typically sell for
less than their exercise value. d. LEAPS are very
short-term options that were created relatively
recently and now trade in the market.
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FIN 534 Week 5 Chapter 9 Solution FOR MORE
CLASSES VISIT www.fin534rank.com   Bankston
Corporation forecasts that if all of its existing
financial policies are followed, its proposed
capital budget would be so large that it would
have to issue new common stock. Since new stock
has a higher cost than retained earnings,
Bankston would like to avoid issuing new stock.
Which of the following actions would REDUCE its
need to issue new common stock? a. Increase the
dividend payout ratio for the upcoming year.
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FIN 534 Week 5 DQ 1 FOR MORE CLASSES VISIT
www.fin534rank.com   Week 5 discussion 1 Based
on what you discovered in the e-Activity, make at
least two recommendations for regarding how your
selected company should approach its capital
budgeting. Explain the reasoning behind your
recommendations. A capital budgeting analysis
conducts a test to see if the benefits (i.e.,
cash inflows) are large
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FIN 534 Week 5 Quiz 4 FOR MORE CLASSES VISIT
www.fin534rank.com   Finance 534 week 5 quiz
4 Question 1             Assume that in recent
years both expected inflation and the market risk
premium (rM - rRF) have declined.  Assume also
that all stocks have positive betas.  Which of
the following would be most likely to have
occurred as a result of these changes? Answer
                                    Question
2             Assume that the risk-free rate is
5.  Which of the following statements is CORRECT?
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FIN 534 Week 6 Chapter 10 Solution FOR MORE
CLASSES VISIT www.fin534rank.com   Which of the
following statements is CORRECT? a. The internal
rate of return method (IRR) is generally regarded
by academics as being the best single method for
evaluating capital budgeting projects. b. The
payback method is generally regarded by academics
as being the best single method for evaluating
capital budgeting projects. c. The discounted
payback method is generally regarded by academics
as being the best single method for evaluating
capital budgeting projects.
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FIN 534 Week 6 Chapter 11 Solution FOR MORE
CLASSES VISIT www.fin534rank.com   Which of the
following statements is CORRECT? a. An
externality is a situation where a project would
have an adverse effect on some other part of the
firms overall operations. If the project would
have a favorable effect on other operations, then
this is not an externality. b. An example of an
externality is a situation where a bank opens a
new office, and that new office causes deposits
in the banks other offices to decline.
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FIN 534 Week 6 DQ 1 FOR MORE CLASSES VISIT
www.fin534rank.com   Week 6 discussion 1 Analyze
the concept of stress test as applied to
financial institutions and create a better
alternative for assessing the viability of a
financial institution.
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FIN 534 Week 6 Quiz 5 FOR MORE CLASSES VISIT
www.fin534rank.com   Finance 534 week 6
Quiz5 Question 1             Call options on XYZ
Corporations common stock trade in the market. 
Which of the following statements is most
correct, holding other things constant?  Question
2             Other things held constant, the
value of an option depends on the stock's price,
the risk-free rate, and the  Question
3             Which of the following statements
is CORRECT?
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FIN 534 Week 7 Chapter 12 Solution FOR MORE
CLASSES VISIT www.fin534rank.com   1. Which of
the following statements is CORRECT? a. Perhaps
the most important step when developing
forecasted financial statements is to determine
the breakdown of common equity between common
stock and retained earnings. b. The first, and
perhaps the most critical, step in forecasting
financial requirements is to forecast future
sales. c. Forecasted financial statements, as
discussed in the text, are used primarily as a
part of the managerial compensation program,
where managements historical performance is
evaluated.
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FIN 534 Week 7 Chapter 13 Solution FOR MORE
CLASSES VISIT www.fin534rank.com   Suppose
Leonard, Nixon, Shull Corporations projected
free cash flow for next year is 100,000, and FCF
is expected to grow at a constant rate of 6. If
the companys weighted average cost of capital is
11, what is the value of its operations? a.
1,714,750 b. 1,805,000
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FIN 534 Week 7 DQ 2 FOR MORE CLASSES VISIT
www.fin534rank.com   Week 7 discussion 2 Drawing
on what you discovered in the e-Activity,
determine what additional steps can be taken in
the valuation of a corporation to avoid instances
like the one you researched from occurring in the
future. Provide specific examples to support your
response.
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FIN 534 Week 7 Quiz 6 FOR MORE CLASSES VISIT
www.fin534rank.com   Finance 534 week 7 quiz
6 Question 1             Which of the following
statements is CORRECT? Answer                     
                Question 2                        
   Which of the following statements is
CORRECT?                                     Quest
ion 3
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FIN 534 Week 8 Chapter 14 Solution FOR MORE
CLASSES VISIT www.fin534rank.com   Which of the
following statements about dividend policies is
CORRECT? a. Modigliani and Miller argue that
investors prefer dividends to capital gains
because dividends are more certain than capital
gains. They call this the ?bird-in-the hand?
effect. b. One reason that companies tend to
avoid stock repurchases is that dividend payments
are taxed at a lower rate than gains on stock
repurchases. c. One advantage of dividend
reinvestment plans is that they allow
shareholders to avoid paying taxes on the
dividends that they choose to reinvest.
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FIN 534 Week 8 Chapter 15 Solution FOR MORE
CLASSES VISIT www.fin534rank.com   Which of the
following statements best describes the optimal
capital structure? a. The optimal capital
structure is the mix of debt, equity, and
preferred stock that maximizes the companys
earnings per share (EPS). b. The optimal capital
structure is the mix of debt, equity, and
preferred stock that maximizes the companys
stock price. c. The optimal capital structure is
the mix of debt, equity, and preferred stock that
minimizes the companys cost of equity.
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FIN 534 Week 8 DQ 1 FOR MORE CLASSES VISIT
www.fin534rank.com   Week 8 discussion 1 I
examined PepsiCo to determine how it should
address its free cash flow, either through
distributions to shareholders or repurchasing of
stock.
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FIN 534 Week 8 DQ 2 FOR MORE CLASSES VISIT
www.fin534rank.com   Week 8 discussion 2 Capital
structure is the manner in which a firms assets
are financed that is, the right-hand side of the
balance sheet. Capital structure is normally
expressed as the percentage of each type of
capital used by the firm--debt, preferred stock,
and common equity
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FIN 534 Week 8 DQ 2 FOR MORE CLASSES VISIT
www.fin534rank.com   Week 8 discussion 2 Capital
structure is the manner in which a firms assets
are financed that is, the right-hand side of the
balance sheet. Capital structure is normally
expressed as the percentage of each type of
capital used by the firm--debt, preferred stock,
and common equity
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FIN 534 Week 9 Chapter 16 Solution FOR MORE
CLASSES VISIT www.fin534rank.com   Swim Suits
Unlimited is in a highly seasonal business, and
the following summary balance sheet data show its
assets and liabilities at peak and off-peak
seasons (in thousands of dollars)  Peak
Off-Peak  Cash 50 30  Marketable securities 0
20  Accounts receivable 40 20  Inventories 100
50  Net fixed assets 500 500  Total assets 690
620
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FIN 534 Week 9 DQ 1 FOR MORE CLASSES VISIT
www.fin534rank.com   Week 9 discussion 1 Based
on the content of this chapter and what you
discovered in the e-Activity, analyze cash
management technology and make at least one
recommendation for another technique that would
enhance working capital management. Explain the
reasoning behind your recommendation.
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FIN 534 Week 9 DQ 2 FOR MORE CLASSES VISIT
www.fin534rank.com   Week 9 discussion 2 Create
an idea for a startup venture and discuss the
most viable way to raise the working capital to
get the startup running. Explain your rationale.
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FIN 534 Week 9 Quiz 8 FOR MORE CLASSES VISIT
www.fin534rank.com   Question 1            
Which of the following statements about dividend
policies is correct?  Question 2             If a
firm adheres strictly to the residual dividend
policy, the issuance of new common stock would
suggest that  Question 3             Which of the
following statements is correct?
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FIN 534 Week 10 Chapter 17 Solution FOR MORE
CLASSES VISIT www.fin534rank.com   In Japan,
90-day securities have a 4 annualized return and
180-day securities have a 5 annualized return.
In the United States, 90-day securities have a 4
annualized return and 180-day securities have an
annualized return of 4.5. All securities are of
equal risk, and Japanese securities are
denominated in terms of the Japanese yen.
Assuming that interest rate parity holds in all
markets, which of the following statements is
most CORRECT? a. The yen-dollar spot exchange
rate equals the yen-dollar exchange rate in the
90-day forward market.
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FIN 534 Week 10 DQ 1 FOR MORE CLASSES VISIT
www.fin534rank.com   Week 10 discussion 1 Based
on what you uncovered in the e-Activity,
determine the most significant risk factors
associated with investing in the company you
selected when compared with investing in a
domestic company. Provide specific examples to
support your response.
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FIN 534 Week 10 DQ 2 FOR MORE CLASSES VISIT
www.fin534rank.com   Week 10 discussion
2 Recommend three policy changes that would make
the Federal Reserves job of controlling U.S.
interest rates easier. Explain your reasoning.
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FIN 534 Week 10 Quiz 9 FOR MORE CLASSES VISIT
www.fin534rank.com   Finance 534 week 10 quiz
9 Question 1 Which of the following statements is
NOT CORRECT? Question 2 Which of the following
statements is CORRECT? Question 3 Which of the
following statements is CORRECT?
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FIN 534 Week 11 DQ 1 FOR MORE CLASSES VISIT
www.fin534rank.com   Week 11 discussion
1 Reflect on the lessons learned during this
class and discuss the most interesting or
surprising thing you learned. Explain what made
it so.
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FIN 534 Week 11 DQ 2 FOR MORE CLASSES VISIT
www.fin534rank.com   Week 11 discussion
2 Discuss how you plan on using what you learned
in this course in your current or future
position. What will prove to be the most valuable?
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FIN 534 Week 11 Quiz 10 FOR MORE CLASSES VISIT
www.fin534rank.com   Finance 534 week 11 quiz
10             Question 1             Suppose
DeGraw Corporation, a U.S. exporter, sold a solar
heating station to a Japanese customer at a price
of 143.5 million yen, when the exchange rate was
140 yen per dollar.  In order to close the sale,
DeGraw agreed to make the bill payable in yen,
thus agreeing to take some exchange rate risk for
the transaction.  The terms were net 6 months. 
If the yen fell against the dollar such that one
dollar would buy 154.4 yen when the invoice was
paid, what dollar amount would DeGraw actually
receive after it exchanged yen for U.S. dollars?
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