Doanh nghiep 1

quản trị kinh doanh (Trường Đại học Mở Thành phố Hồ Chí Minh)

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1. Vingroup, Inc., has a times interest earned ratio of 3.0. Based on this ratio, a
creditor knows that its EBIT must decline by more than percent before Vingroup
will be unable to cover its interest expense? (Round up to 0 decimal numbers,
write number only, no percentage symbol)
Đáp án: 67
2. If the real interest rate per year is 5.8% and the inflation rate is 4%, what is the
nominal rate of interest? (Don't write percentage symbol, round up to 1 decimal
numbers)
Nominal Interest Rate = Real Interest Rate + Projected Rate of Inflation
Đáp án: 9.8
3. If a 10-year bond's coupon rate is less than the required rate, then: Select one:
a. the bond will be repaid by the issuer at a discounted price.
b. The bond sells at a premium because it is a long-term bond.
C. The bond sells at par because the required rate of return is adjusted to reflect the
discrepancy.
d. None of above is correct
4. If you invest $200 at 12% APR for three years, how much would you have at
the end of 3 years using compound interest (Don't write currency symbol, round up
to 2 decimal numbers)
Đáp án: 280.99
5. Consider a bond with a face value of $1,000, a coupon rate of 6%, a yield to
maturity of 8%, and ten years to maturity. This bond's duration is......years? (Write
number only, round up to 1 decimal numbers)
Đáp án: 3.0
6. FPT's stock is selling for $100 per share today. It is expected that this stock will
be sold for $114 per share at the end of one year. Calculate the expected dividend
if the expected rate of return is 20%? (Don't write currency symbol, round up to 0
decimal number)
Đáp án: 20

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7. Which group of ratios relate profits to sales and
investment? Select one:
a. Liquidity ratios
b. Profitability ratios
C. Leverage ratios
d. Efficiency ratios
8. A statistical measure of the degree to which securities' returns move together
is called Select one:
a. Beta
b. Standard deviation
C.Variance
d.Correlation
9. Pepsi submits their audited financial statements to ANZ. Upon examination,
ANZ discovers that this firm has $1,500 in cash, $7,500 in accounts
receivables,
$3,000 in inventory, $15,000 in plant and equipment and that their assets totaled
$27000. In addition this bank discovered that the firm had $6,000 in current
liabilities, $7,500 in long term debt and $13,500 in net worth. Finally this bank
discovered that this firm had $60,000 in net sales and $6,000 in net income. What
is the net profit margin in percentage? (Round up to 2 decimal numbers, write
number only, no percentage symbol)
Đáp án: 4.08
10. In the presence of a risk-free asset, What should the investor do Select
one: a.find an interior portfolio using quadratic programming
b. borrow or lend at the risk-free rate
C.read and understand annuity theory
d.invest all the money in the risk-free portfolio
11. FPT has sales of $750, total assets of $400, and a debt-equity ratio of 1.50.
If the return on equity is 10 percent, what is the firm's net income? (Round up to
0 decimal numbers, write number only, no currency symbol)

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Đáp án: 16
13. The covariance between FPT stock and the VNINDEX is .05. What is
the standard deviation of the stock market if the beta of FPT is 1.25?
Đáp án: 20
Ms. Lan thinks she can save enough to deposit $1,200 in OCB at the end of each
year for the next 30 years. How much will she have if the bank pays 6% interest,
compounded annually (Don't write currency symbol, round up to 2 decimal
numbers) => 94869.82
14. Lazada Co. is expected to pay a dividend of $2 per share at the end of year and
the dividends are expected to grow at a constant rate of 4% forever. If the current
price of the stock is $20 per share calculate the expected return or the cost of
equity capital for the firm in percentage. (Don't write percentage symbol, round up
to 0 decimal numbers) Đáp án: 14
15. If you receive VND 10 million payment at the end each year for the next
15 years, what kind of cash flow is this?
Select one:
a. An annuity due
b. Future value
C. An ordinary annuity
d.Perpetuity
16. A government bond issued in France has a face value of euros 1,000 and
maturing in 4 years. The coupon payments are made annually. Calculate the
market price of the bond if coupon rate is 8% and YTM is 12%. (Don't write
currency symbol, round up to 2 decimal numbers)
Đáp án: 106.77
19. The market value of FPT Corporation's common stock is 40 million and the
market value of the risk-free debt is 60 million. The beta of the company's
common stock is 0.8, and the expected market risk premium is 10%. If the
Treasury bill rate is 6%, what is the firm's cost of capital if corporate tax rate is
30% (Don't write percentage symbol, round up to 2 decimal number) => 0.13

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20. What is the net present value (NPV) of the following cash flows at a
discount rate of 9%. The initial investment is $500,000. The cash flow for 1st
and 2nd and 3rd year is $200,000 and $300,000 and $400,000 (Don't write
currency symbol, round up to 2 decimal numbers ĐÁP ÁN: 122431.81

23. What is the EAR if the monthly nominal interest rate is 0.67% and it's
compounded monthly (Don't write percentage symbol, round up to 2
decimal numbers)
0.67
24. The historical returns data for the past four years for FPT and VNINDEX
portfolio returns are: FPT: 10%, 30%, 20%, 20%; VNINDEX: 5%, 15%, 25%,
15%. If the risk-free rate of return is 5%, calculate the risk premium? (don't
write percentage symbol, round up to 1 decimal numbers)
Đáp án: 7.0
25. Generally, which of the following statements is
true? Select one:
a. The higher the tax rate for a firm, the lower the interest coverage ratio
b. None of above
C.An increase in net profit margin with no change in sales or assets means a
weaker ROI.
d.A low receivables turnover is desirable.
26. The greater the beta, the
of the security involved
Select one:
a.lower the avoidable risk
b.lower the unavoidable risk
C. higher the unavoidable risk
d.lower the avoidable risk

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27. If the market risk premium for common stocks is 5.2%, and for treasury bills
it is 4.0%, what is the average annual rate of return for common stocks? (Don't
write percentage symbol, round up to 1 decimal numbers)
=> 1.2
28. You would like to have enough money saved to receive a $50,000 per year
perpetuity after retirement so that you and your family can lead a good life. How
much would you need to save in your retirement fund to achieve this goal (assume
that the perpetuity payments starts on the day of retirement. The interest rate is
8%) (Don't write currency symbol, round up to 0 decimal numbers)
Đáp án: 880000
29. After retirement, you expect to live for 25 years. You would like to have
$75,000 income each year. How much should you have saved in the retirement to
receive this income, if the interest is 9% per year (assume that the payments start
one year after the retirement) (Don't write currency symbol, round up to 2 decimal
numbers)
=> 736693.47
30. When the firm is financed by both debts and equity, its cost of capital is
equal to Select one:
a. WACC
b. Cost of equity
C.Cost of debt
d.None of above
31. Lazada Co. pays out 60% of its earnings as dividends. Its return on equity is
15%. What is the stable dividend growth rate for the firm? (Don't write
percentage symbol, round up to 0 decimal numbers)
=> 6%
32. What is the similarity between the current yield on a bond and the
dividend yield on a stock?
Select one:
a.represent how much each security's price will increase in a year.

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b.incorporate the par value into their computation.
C. All of above are correct
d.represent the security's annual income divided by its price.
33. Over the past four years, Vingroup has paid dividends of $1.00, $1.10, $1.20,
and $1.30 respectively. This pattern is expected to continue into the future. This
is an example of a company paying a
Select one:
a.dividend that grows at a constant rate
b.dividend that grows at a decreasing rate
C.dividend that grows by a decreasing amount.
d.dividend that grows by 10 percent each year
34. For $10,000 you can purchase a 5-year annuity for five years. The payments
are made at the beginning of each year. Calculate the annual payment if the
interest rate is 9% (Don't write currency symbol, round up to 2 decimal numbers)
Đáp án: 2358.65
35. ACB has an expected return of 20% per year and BIDV has an expected
return of 30%. If 40% of the funds are invested in stock BIDV, and the rest in
stock A, what is the expected return on the portfolio?
Select one:
a.10%
b.20%
C.30%
d.None of above is correct
36. What is the present value of an ordinary 12-year annuity that pays $1,000
per year when the interest rate is 7% (Don't write currency symbol, round up to
2 decimal numbers) => 7942.70
37. If the interest rate is 12%, what is the 2-year discount factor (Don't
write currency symbol, round up to 3 decimal numbers)

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Đáp án: 0.797
38. FPT project has an expected risky cash flow of $500, in year-2. The risk-free
rate is 4%,the market rate of return is 14%, Calculate the Beta of this project if
certainty equivalent cash flow for year-2 is $401.9 (Write number only, round up
to 1 decimal numbers)
Đáp án: 1.2
41. Ms. Lan is considering purchasing a Sunrise apartment for $220,000. She will
pay 10% down and $19,800 a year for 10 years. What is the real purchase price if
Ms. Lan could get an interest rate of 5% on invested money (Don't write currency
symbol, round up to 2 decimal numbers
=> 174889.66
43. FPT's stock is selling for $100 per share today. It is expected that this stock
will be sold for $114 per share at the end of one year. Calculate the expected
dividend if the expected rate of return is 20%? (Don't write currency symbol,
round up to 0 decimal number) Đáp án: 20
44. Using the company cost of capital to evaluate a project is
Select one:
a. None of above
b. Always correct
C.Always incorrect
d. Correct for projects that are about as risky as the average of the firm's
other assets
45. The beta of the computer company is 1.7 and the standard error of the
estimate is 0.3. What is the range of values for beta, that has 95% chance of being
right
Select one:
a.1.4-2.0
b. 1.1-23
C.1.5-2.0
d.None of above

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46. Which of the following could help FPT reduce its debt-to-total asset
ratio? Select one:
a. Shift short-term to long-term debt
b. Shift long-term to short-term debt.
C.Issue more common stock.
d. Borrow more
47. The sustainable growth rate illustrates the relationship among which of
the following areas?
I. operating efficiency
II. asset utilization
III. dividend policy
IV. financial policy
Select one:
a. None of above
b.I, and II only
C.I, II and IV only
d.I, II and III only
48. Ms. Lan thinks she can save enough to deposit $1,200 in OCB at the end
of each year for the next 30 years. How much will she have if the bank pays
6% interest, compounded annually (Don't write currency symbol, round up to
2 decimal numbers)
=> 94869.82
49. Generally high growth stocks don’t pay

a.
High dividends

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b.
Stable dividend
c.
Erratic dividends
d.
None of the above
a.
High dividends
b.
Stable dividend
c.
Erratic dividends
d.
None of the above
a. high dividends
b. stable dividends
c. erratic dividends
d. None of the above

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51. FPT's project has an expected risky cash flow of $200, in year-1. The risk-
free rate is 6%, the market rate of return is 16%, calculate the Beta if the certainty
equivalent cash flow for year 1 is 175.21 (Write number only, round up to 1
decimal numbers)
=>1.5
52. Mr. Minh invests $1,000 at 10% nominal rate for one year. If the inflation
rate is 4%, what is the real value of the investment at the end of one year? (Don't
write currency symbol, round up to 0 decimal numbers)
Answer: 1058
53. Which of the following statements is (are) true?
1. All else equal, the value of a perpetual bond will remain unchanged from one
year to the next, unless market interest rates change.
II. All else equal, bond prices and coupon rates are inversely related.
III. All else equal, given two bonds identical but for coupon, the market price of
the lowercoupon bond will change more (in percentage terms) than that of the
higher coupon bond for a given change in market interest rates.
Select one:
a. I and III only
b. None of above is correct
C.II and III only
d.I, II, and III
54. Investments A and B both offer an expected rate of return of 12%. If
the standard deviation of A is 40% and that of B is 20%, then investors
would?
Select one:
a. Prefer a portfolio of A and B
b. Prefer B to A
C. Prefer A to B
d.None of above

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56. Which of the following statements regarding the NPV rule and the rate
of return rule is not true?
Select one:
a. Reject a project if NPV is negative
b. Accept a project if NPV < cost of investment
C. Accept a project if NPV is positive
d.None of above
60. REE Co. has paid a dividend $3 per share out of earnings of $5 per share. What
is the book value per share if expected growth rate in dividends is 5%? (Don't
write currency symbol, round up to 0 decimal numbers) => 25
61. By combining lending and borrowing at the risk-free rate with the efficient
portfolios, we can I) extend the range of investment possibilities. II) Change
efficient set of portfolios from being a straight line to curvilinear. III) Provide
a lower expected return for any level of risk except the tangential portfolio
Select one:
a. II only
b. All of above
C. I only
d. III only
62. How to calculate the dividend yield ratio
Select one:
a.
(dividends/
63. The beta of ACB stock is 0.9. The standard deviation of return of the stock is
30% and that of the market portfolio is 20%. Calculate the correlation coefficient
of ACB and market portfolio (Don't write currency symbol, round up to 1
decimal numbers)
=> 0.6

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65. When the firm is financed by both debts and equity, its cost of capital is
equal to Select one:
a. Cost of equity
b. Cost of debt
c. WACC
d. None of above
what is the minimum and maximum value of correlation coefficient? => -1 and 0
66. Mr. Minh has taken a $250,000 mortgage on his house. If the mortgage calls
for twenty equal annual payments, and the amount of each payment is $21,796.14.
What is the annual mortgage interest rate in percentage? (Don't write % symbol,
round up to 0 decimal numbers => 20
CGV has paid a dividend $3 per share out of earnings of $5 per share. If the book
value per share is $40 and the market price is 52.50 per share, calculate the
required rate of return on the stock? => 11
What is the EAR if the quarterly nominal interest rate is 2% and it's compounded
quarterly => 0.02
69. The present value of a future amount
Select one:
a. All of above are correct
b. can be calculated precisely if the discount rate and number of periods is known
C. is worth less than the future value
d.will always be more than the future amount
70. if the present value annuity factor at 12% APR for 5 years is 3.6048 => 6.35
71. if a bond's volatility is 5% and the interest rate changes => none of above is
correct
72. A perpetuity => can be valued (PV) if the payment amount...
73. The market value of FPT Corporation's common stock is 60 million and
the market value of the risk => 10.80

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74. if the Volume is reported in 100s as 292,059 => 29,205,900 shares
75. If the present value annuity factor at 12% APR for 5 years is 3.6048, what
is the equivalent future value annuity factor
Đáp án: 6.35
76. The market value of FPT Corporation's common stock is 60 million and the
market value of the risk-free debt is 40 million. The beta of the company's
common stock is 0.8, and the expected market risk premium is 10%. If the
Treasury bill rate is 6%, what is the firm's cost of capital if corporate tax rate is
30% (Don't write percentage symbol, round up to 2 decimal number)
Đáp án: 9.2
77. For a two-stock portfolio, the risk will be minimized if the correlation of two
stocks is
Select one:
a.0
b. None of above
c.-1
d.+1
78. If Mr. Minh deposits $11,500 in BIDV today, what will the money be worth
in 3 years at 8% if it's compounded annually (Don't write currency symbol, round
up to 2 decimal numbers) => 14486.69
79. Given the following data: required rate of return = 11.7%, average risk
premium 7.7%. Calculate the risk-free rate? (Don't write percentage symbol,
round up to 0 decimal numbers) => 4
80. Which of the following risks do debt ratings... => Default risk
81. BIDV examines the liquidity of Mobifone. Which of the following ratios
which category it belongs to?
Select one:
A.EBIT/Interest Payments
B.Current Assets/Current Liabilities

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C.COGS/ Net Sales
D.COGS/ Average Inventory

By combining lending and borrowing at the risk-free rate with the efficient
portfolios, we can I) extend the range of investment possibilities. II) Change
efficient set of portfolios from being a straight line to curvilinear. III) Provide a
lower expected return for any level of risk except the tangential portfolio
Select one:
a.ll only
b.lll only
c. I only
d. All of above

A firm is having difficulty controlling its operating expenses. Which one of the
following ratio categories will most directly reflect this problem?
Select one:
a. Profitability
b. Leverage ratio
c.Efficiency
ratio d.Liquidity
ratio

How can one invest today at the 2-year forward rate of interest?
1) By buying a 2-year bond and selling a 1-year bond with the same coupon
II) By buying a 1-year bond and selling a 2-year bond with the same coupon
III) By buying a 1-year bond and then after a year reinvesting in a further 1-year
bond
Select one:

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a.ll only
b.l only
c. III only
d. II & III only
If the present value of $240 to be paid at the end of one year is $200, what is the
one-year discount factor => 0.83

Which of the following statements is most accurate?

Select one:
a. Receivable- and inventory-based activity ratios also shed light on the firm's use
of financial leverage
b. Receivable- and inventory-based activity ratios also shed light on
the "liquidity" of these current assets.
c. Liquidity ratios also shed light on the firm's use of financial leverage.
d.Coverage ratios also shed light on the "liquidity" of these current
ratios

A bond sold five weeks ago for $1,098. The bond is worth $1,047 in today's
market. Assuming no changes in risk, which one of the following is true
Select one:
a. The face value of the bond must be $1,100.
b. The coupon payment of the bond must have increased.
C.The bond must be within one year of maturity.
d. The bond's current yield has increased from five weeks ago.

The market value of FPT Corporation's common stock is 40 million and the market
value of the risk-free debt is 60 million. The beta of the company's common stock
is 0.8, and the expected market risk premium is 10%. If the Treasury bill rate is

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6%, what is the firm's cost of capital if corporate tax rate is 30% (Don't write
percentage symbol, round up to 2 decimal number) => 9.20

Lazada Co. pays out 60% of its earnings as dividends. Its return on equity is 15%.
What is the stable dividend growth rate for the firm? (Don't write percentage
symbol, round up to O decimal numbers) => 6

FPT Co. had the following returns for the past three years, 30%, -10%, and 10%.
Calculate the standard deviation of the returns? (Write number only, round up to 0
decimal numbers)
What is the inefficient portfolios?
Select one:
a.provide the least risk for a given level of returns
b.provide lowest returns for a given level of risk c.have only unique risk
d. Have no risk at all

If the beta of Dell is 1.13, and the market risk premium is 8%, calculate the risk
free rate if expected return for Microsoft is 12.04%? (Don't write percentage
symbol, round up to 0 decimal numbers) => 3

Vingroup, Inc., has debt-to-total assets ratio is.4. What is its debt-to-equity ratio?
(round up to 2 decimal number) => 0.67

Which of the following terms mean the same thing

Select one:
a.APR, annual rate, nominal rate
b.APR, EAR, annual rate
C.APR, EAR, nominal rate

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d.EAR, annual rate, nominal rate

Lazada Co. has just now paid a dividend of $2.83 per share (DO); the dividends are
expected to grow at a constant rate of 6% per year forever. If the required rate of
return on the stock is 16%, what is the current value on stock, after paying the
dividend? (Don't write currency symbol, round up to 0 decimal numbers) => 30

AIA insurance company is selling a retirement fund that requires you to deposit
VND 10 million every year, and you want to know how much the fund will be
worth when you retire in the next 40 years. What financial technique should you
use to calculate this value
Select one:
a. Future value of an annuity
b. Present value of a perpetuity
C.Present value of an annuity
d.Future value of a single payment

1 Which of the following debt instruments is considered => T-bill

2 The distribution of daily returns may be approximated to one which
of the following distributions
Select one:
a. Log-normal distribution
b. Normal distribution
C.None of the above
d.Binomial distribution
Clear my choice

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Golf, Inc., and Swing, Inc., are close competitors. Last year, both had the same
amount of cost of goods sold, but Golf turned its inventory 5 times during the year
while Swing turned its inventory every 65 days. Which one of the following
statements is true if the objective of both firms is to keep average inventory as low
as possible?
Select one:
a. Golf did a better job since its days' sales in inventory is lower.
b. Swing did a better job since its inventory turnover is lower.
C. Swing did a better job since its days' sales in inventory is lower.
d.Golf did a better job since its inventory turnover is lower.

what is the ear if the quarterly nominal interest rate is 2% => 0.20

The capital asset pricing model (CAPM) states that

Select one:
a. The expected rate of return on an investment is proportional to its beta
b. The expected rate of return on an investment depends on the risk-free rate and
the market rate of return
C.The expected rate of return on an investment is dependent on the risk-free rate
d. None of above

What is the EAR if the monthly nominal interest rate is 0.67% and it's compounded
monthly (Don't write percentage symbol, round up to 2 decimal numbers
When ACB quotes an interest rate of 8%, it is quoting the
Select one:
a.both APR and nominal rate are correct
b.EAR.

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C.nominal rate.
d. APR.

what is the present value annuity factor at an... => 4.49

The is known as the term structure of interest rates => interest rate risk
premium

Which of the following investment has minimum volatility

Select one:
a. Portfolio of U.S. common stocks of small firms
b. A portfolio of Treasury bills
C.Portfolio of U.S. common stocks of large firms
d.A portfolio of long-term Government bonds

What is the present value of $500 per year annuity for five years at an interest rate
of 12% (Don't write currency symbol, round up to 2 decimal numbers)
=> 1802.39 (có gì xem lại)

The constant dividend growth formula PO = Div1/(r-g) assumes:

I) the dividends are growing at a constant rate g forever.
II) r> g
III) g is never negative
Select one:
a.II only
b.II only

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C.I only
d.none of the above

FPT Co. is expected to pay a dividend or $4.00 per share out of earnings of $7.50
per share. If the required rate of return on the stock is 15% and dividends are
growing at a current rate of 10% per year, calculate the present value of the growth
opportunity for the stock (PVGO)? => 30

Which of the following statements about the relationship between interest rates and
bond prices is true?
I) There is an inverse relationship between bond prices and interest rates.
II) There is a direct relationship between bond prices and interest rates.
III) The price of short-term bonds fluctuates more than the price of long-term
bonds for a given change in interest rates. (Assuming that coupon rate is the
same for both)
IV) The price of long-term bonds fluctuates more than the price of short-term
bonds for a given change in interest rates. (Assuming that the coupon rate is the
same for both)
Select one:
a.II and III only
b.I and III only
C. I and IV only
d.IV and III only

A firm might categorize its projects into, excepts:

I) Cost improvement projects
II) Expansion projects (existing business)
III) Old products projects

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IV) Personal project
Select one:
a.III only
b.IV only
C.II only
d.I only

Which of the following statements perfectly describe the concept of simple

interest?
Select one:
a. The total amount of interest earned over the life of an investment
b. Interest earned on interest
c. Interest earned on an initial investment
d. None of the above

Lazada Co. has the following returns for the past three years: 12%, 8% and 10%.
Calculate the standard deviation of the returns? (Don't write percentage symbol,
round up to 0 decimal numbers) >2

Who cannot issue bonds to raise long-term loans

Select one:
a. The federal government
b. Individuals
c. Present cash flow compounded into the future
d. State and local governments

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the growth rate in dividends are affected by two ratios => ROE and the Retention
Ratio

Tiki Co. is currently paying a dividend of $2.00 per share. The dividends are
expected to grow at 20% per year for the next four years and then grow 6% per
year thereafter. Calculate the expected dividend in year 5? (Write number only,
round up to 2 decimal numbers) → 4.40

If FPT has excess cash, which of the following investment has the lowest risk for
FPT?
Select one:
a.Buying Treasury bill
b.Expansion of existing business
c.Speculation ventures
d. New product
Mr. Minh has taken a $250,000 mortgage on his house. If the mortgage calls for
twenty equal annual payments, and the amount of each payment is $21,796.14.
What is the annual mortgage interest rate in percentage? (Don't write % symbol,
round up to 0 decimal numbers) → 6

What is the other name of systematic risk

I) market risk, II) un-diversifiable risk, III) firm specific risk.
Select one:
a.I only
b.none of the above
C. II only
d.III only

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How to calculate the cost of equity?
Select one:
a.Using discounted cash flow approach
b.Arbitrage pricing model
C. all of above
d.CAPM

What is the beta to T-bill -> 0

What is the definition of haircut in determining cost of capital?

Select one:
a.the increase of the cash flow from its forecasted value to its certainty equivalent
b.the reduction of the cash flow from its historical value to its certainty
equivalent
C.the reduction of the cash flow from its forecasted value to its certainty equivalent
d.the increase of the cash flow from its historical value to its certainty equivalent

A firm's total asset turnover (TAT) is 1.6, assets are $8 million, and ROI is 8
percent. What is its net profit margin? (don't write percentage symbol, round up to
1 decimal number) => 1.6
If the present value of $500 expected to be received one year from today is $400,
what is the discount rate (Don't write percentage % symbol, round up to 0 decimal
numbers) =>25

Which of the following project is suitable for WACC

Select one:
a.high risk project

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b.low risk projects
C.moderate risk project
d.all of above

If a bond's volatility is 10% and the interest rate goes down by 0.75% (points) then
the price of the bond
Select one:
a. increases by 7.5%
b. increases by 0.75%
C.decreases by 10%
d.decreases by 7.5%

Which of the following formulas regarding earnings to price ratio is false?

Select one:
a.EPS/PO = [r+ (PVGO/PO)]
b.EPS/PO = [1 + (PVGO/Po]
C.All of above
d.EPS/PO = [r+ (1 + (PVGO/Po)]/r

The historical returns data for the past three years for FPT and the VNINDEX are:
FPT: 24%, 0%, 24%, VNINDEX: 10%, 12%, 20%. Calculate the covariance
between FPT and VNINDEX. (write number only, round up to 2 decimal number)
=> 28

What is the present value of $1000 per year annuity for five years at an interest rate
of 12% (Don't write currency symbol, round up to 2 decimal numbers => 3.6

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Which of the following is true about the differences between debt and common
stock?
Select one:
a.Debt is ownership in a firm but equity is not
b.Creditors have voting power while stockholders do not
C.None of above is correct
d.Both stockholders and bondholders have voting privileges

FPT Corporation is expected to pay a dividend of $5 per share next year, and the
dividends payout ratio is 50%. If the dividends are expected to grow at a constant
rate of 8% forever. If the present value of the growth opportunity is $23.08, what is
the required rate of return on the stock in percentage? (Don't write percentage
symbol, round up to 0 decimal numbers) =>13

The is known as the term structure of interest

rates. Select one:
a. None of above is correct
b. relationship between short and long-term interest rates
C.interest rate risk premium
d.inflation premium

Foody Company (FC) and Mobifone Company (MC) are both service companies.
Their historical return for the past three years are: MC: -5%, 15%, 20%; FC: 8%,
8%, 20%. What is the standard deviation of the portfolio with 50% of the funds
invested in FC and 50% in MC (don't write percentage symbol, round up to 2
decimal number)) => 85.75

Pepsi submits their audited financial statements to ANZ. Upon examination, ANZ
discovers that this firm has $1,500 in cash, $7500 in accounts receivables, $3,000

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in inventory, $15,000 in plant and equipment and that their assets totaled $27000.
In addition, this bank discovered that the firm had $6,000 in current liabilities,
$7,500 in long term debt and $13,500 in net worth. Finally, this bank discovered
that this firm had $60,000 in net sales and $6,000 in net income. What is the Acid
test ratio? (Round up to 2 decimal numbers, write number only, no currency
symbol) => 1.50

Pepsi submits their audited financial statements to ANZ. Upon examination, ANZ
discovers that this firm has $1,500 in cash, $7,500 in accounts receivables,
$3,000 in inventory, $15,000 in plant and equipment and that their assets totaled
$27000. In addition this bank discovered that the firm had $6,000 in current
liabilities,
$7,500 in long term debt and $13,500 in net worth. Finally this bank discovered
that this firm had $60,000 in net sales and $6,000 in net income. What is the
average collection days? (Round up to 1 decimal numbers, write number only. no
currency symbol) => 45.6

The beta of the computer company is 1.7 and the standard error of the estimate is
0.3. What is the range of values for beta, that has 95% chance of being right
Select one:
a.1.5-2.0
b.1.4-2.0
C.None of above
d. 1.1-23

Which of the following investment has minimum volatility

Select one:
a.A portfolio of long-term Government bonds
b.Portfolio of U.S. common stocks of small firms
C. A portfolio of Treasury bills
d.Portfolio of U.S. common stocks of large firms

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Which of the following riska do debt ratings specifically attempt to assess?
Select one:
a.Operation risk
b.Default risk
C.Market risk
d.Interest rate risk

FPT Corporation has just paid a dividend of $0.50 per share. The dividends are
expected to grow at 24% per year for the next two years and at 8% per year
thereafter. If the current value of the stock is $8.82, what is the required rate of
return in percentage? (Don't write percentage symbol, round up to 0 decimal
numbers) => 16

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