23.

Last year, Noah purchased 64 shares of Stock A at $51 per share, 84 shares of Stock B at $85 per share, and a four-year $3500 bond with an 11.83% coupon for $3550. Noah sold both stocks today. Stock A is worth $58 per share and Stock B has a value of $90 per share. Assuming neither stock paid a dividend, which investment has the highest rate of return? (4 points)

	Stock A
	Stock B
	Bond
	Stock A and Stock B

24.

Last year, Norvin purchased 42 shares of Stock A at $50 per share, 124 shares of Stock B at $25 per share, and a four-year $3500 bond with an 8.54% coupon for $5950. Norvin sold both stocks today. Stock A is worth $58 per share and Stock B has a value of $29 per share. Assuming neither stock paid a dividend, which investment has the highest rate of return? (4 points)

	Stock A
	Stock B
	Bond
	Stock A and Stock B

25.

Use the table to answer the question that follows.

ROR	Portfolio 1	Portfolio 2	Portfolio 3
6.1%	$2,100	$440	$950
-0.9%	$2,070	$1,370	$195
8.7%	$1,640	$780	$530
-4.3%	$850	$1,410	$3,380
17.2%	$990	$675	$3,220

Calculate the weighted mean of the RORs for each portfolio. Based on the results, which list shows a comparison of the overall performance of the portfolios, from best to worst? (4 points)

	Portfolio 1, Portfolio 2, Portfolio 3
	Portfolio 2, Portfolio 3, Portfolio 1
	Portfolio 3, Portfolio 1, Portfolio 2
	Portfolio 3, Portfolio 2, Portfolio 1

26.

Use the table to answer the question that follows.

ROR	Portfolio 1	Portfolio 2	Portfolio 3
-0.4%	$2,400	$840	$1,550
2.6%	$1,570	$1,870	$395
9.4%	$3,340	$2,180	$130
-2.8%	$1,250	$1,410	$1,180
14.8%	$690	$975	$5,020

Calculate the weighted mean of the RORs for each portfolio. Based on the results, which list shows a comparison of the overall performance of the portfolios, from best to worst? (4 points)

	Portfolio 1, Portfolio 2, Portfolio 3
	Portfolio 2, Portfolio 3, Portfolio 1
	Portfolio 3, Portfolio 1, Portfolio 2
	Portfolio 3, Portfolio 2, Portfolio 1

27.

Use the table to answer the question that follows.

ROR	Portfolio 1	Portfolio 2	Portfolio 3
4.7%	$1,800	$1,040	$2,150
-1.7%	$3,070	$2,370	$795
10.1%	$2,490	$2,880	$930
-1.9%	$650	$1,410	$4,480
11.9%	$390	$375	$2,320

Calculate the weighted mean of the RORs for each portfolio. Based on the results, which list shows a comparison of the overall performance of the portfolios, from best to worst? (4 points)

	Portfolio 1, Portfolio 2, Portfolio 3
	Portfolio 2, Portfolio 1, Portfolio 3
	Portfolio 3, Portfolio 1, Portfolio 2
	Portfolio 3, Portfolio 2, Portfolio 1

28.

Which breakdown of investments for retirement savings would a financial advisor most likely suggest for someone who is 25 years old? (4 points)

	5% high-risk; 15% medium-risk; 80% low-risk
	20% high-risk; 25% medium-risk; 45% low-risk
	35% high-risk; 30% medium-risk; 35% low-risk
	50% high-risk; 35% medium-risk; 15% low-risk

29.

Which breakdown of investments for retirement savings would a financial advisor most likely suggest for someone who is 55 years old? (4 points)

	5% high-risk; 15% medium-risk; 80% low-risk
	20% high-risk; 25% medium-risk; 45% low-risk
	35% high-risk; 30% medium-risk; 35% low-risk
	50% high-risk; 35% medium-risk; 15% low-risk

30.

Kimberly is an older woman who has been in the workforce for many years. She began making personal investments for retirement when she was young and is now just a few years away from retiring. At this stage, when she would like to reduce risk of loss, in which investment vehicle should she not invest funds? (3 points)

	certificate of deposit
	US government bond
	money market account
	junk bond

31.

Jiao is a Chinese student visiting family in the United States. She spent $76 on dinner for her family one evening. If the exchange rate that day is USD to CNY = 6.51, approximately how much did Jiao spend in Chinese Yuan? (3 points)

	12
	125
	495
	857

32.

Janel is a Latvian student visiting family in the United States. She spent $176 on dinner for her family one evening. If the exchange rate that day is USD to LVL = 0.49, approximately how much did Janel spend in Latvian Lat. (3 points)

	28
	86
	262
	359

33.

Ivana is a Bulgarian student visiting family in the United States. She spent $225 on dinner for her family one evening. If the exchange rate that day is USD to BGN = 1.35, approximately how much did Ivana spend in Bulgarian Lev? (3 points)

	60
	167
	226
	304