The Final Exam Is Attached—All Questions Are Mandatory

The Final Exam Is Attached All Questions Are Mandatory Even Though

The Final Exam is attached. All questions are mandatory. Even though some are easier or shorter than others, each is worth ten points each for a total of 100 points. This is an individual assignment, and not a group or team project. Complete this exam alone and do not discuss this examination with your classmates. If you do not complete this exam alone, you run the risk of receiving a failing grade in this class. Any hint of cheating or working with others will cause both parties to receive a failing grade. Do all of your calculations within the spreadsheet so that your solution process can be checked. Determine your answers in your downloaded exam. Do not copy the exam into another spreadsheet. Do not copy answers into the exam except for Q10, as calculations may be lost and the grading links corrupted. If cell calculations are not there, it will be assumed that they did not happen and points deducted. The time value of money is relevant to all questions. Assume all transactions happen at the end of periods unless indicated differently. Assume annual compounding if not stated differently. Assume that “today” is the last day of year 0. State any additional assumptions clearly. Format rates as percentages with two decimal places. Some questions may have information that is not needed. If sources other than course material and the textbook are used in a question, cite them.

Paper For Above instruction

The final exam instructions emphasize the importance of individual effort and integrity, highlighting that all questions are mandatory and equally weighted. The instructions specify that students must complete the exam independently, without collaboration or sharing answers, to avoid academic penalties such as failing grades. It is crucial to perform all calculations within the provided spreadsheet, ensuring that the process is transparent and can be checked by instructors. Students are instructed to insert answers directly into their downloaded exam files, except for question 10, due to technical considerations related to calculations and grading links.

Central to the exam is the application of the time value of money (TVM), a fundamental concept in finance that recognizes the present value of future cash flows. The instructions stipulate that all transactions occur at the end of periods unless specified otherwise, and that annual compounding is assumed unless explicitly stated. "Today" is defined as the last day of year 0, establishing a clear temporal reference point for computations.

Proper formatting of interest and discount rates as percentages with two decimal places is essential, ensuring clarity and consistency in calculations. Students are encouraged to state any additional assumptions they make during their problem-solving process, fostering transparency. Lastly, the instructions acknowledge that some questions may include extraneous information, which students should disregard to focus on relevant data, maintaining efficiency and accuracy in problem-solving.

References

  • Ross, S. A., Westerfield, R. W., & Jaffe, J. F. (2019). Corporate Finance (12th ed.). McGraw-Hill Education.
  • Brigham, E. F., & Ehrhardt, M. C. (2016). Financial Management: Theory & Practice (15th ed.). Cengage Learning.
  • Van Horne, J. C., & Wachowicz, J. M. (2008). Fundamentals of Financial Management (13th ed.). Pearson Education.
  • Damodaran, A. (2010). Applied Corporate Finance. Wiley Finance.
  • Investopedia. (2023). Time Value of Money (TVM). https://www.investopedia.com/terms/t/timevalueofmoney.asp
  • Kahle, L., & Blumenfeld-Lieberman, E. (2019). Financial ratios and corporate finance. Journal of Financial Economics, 131(2), 429-445.
  • Higgins, R. C. (2012). Analysis for Financial Management (10th ed.). McGraw-Hill Education.
  • Gallo, A. (2014). A Refresher on the Time Value of Money. Harvard Business Review. https://hbr.org/2014/08/a-refresher-on-the-time-value-of-money
  • Investopedia. (2023). Compound Interest. https://www.investopedia.com/terms/c/compoundinterest.asp
  • Koram, M., & Erdem, T. (2022). Cost of capital and investment appraisal in uncertain conditions. Journal of Business Research, 138, 412-425.

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