1. A stock purchased on January 1 cost $4.35 per share. The same stock, sold on December 31 of the same year, brought in $4.75 per share. What was the approximate return on this stock?

a)	109%
b)	9%
c)	1.09%
d)	0.09%

2. A stock sells for $6.99 on December 31, providing the seller with a 6% annual return. What was the price of the stock at the beginning of the year?

a)	$5.84
b)	$6.59
c)	$7.42
d)	$1.16

3. When would you calculate an expected value?

a)

When your data points occur on different dates

b)

When your data points have various probabilities of occurring

c)

When you need to know the exact outcome of a future, unknown event

d)

When you only have one data point

4. Which of the following is not a reason why standard deviation is important to finance?

a)	It forms the basis of the normal distribution.
b)	It has predictive power.
c)	It helps in Hypothesis Testing.
d)	It is a measure of risk.