You would like to buy shares of Nokia (NOK). The current bid and ask quotes are 15, respectively. You place a market buy-order for 300 shares that quoted prices. How much money did it cost to buy these shares? s20.13 and executes at these D) $12,084.00 C)$6.00 A) $6,039.00 B) $6,045.00 6) If a preferred stock from Pfizer Inc. (PFE) pays $3.00 in annual dividends, and the required return on the preferred stock is 7 percent, what's the value of the stock? D) S0.43 A) $21.00 B) S42.86 C) S0.21 7) A firm is expected to pay a $2.00 dividend per share. The stock is selling in the market place for $50.00 per share. If investors are demanding 10 percent on this stock, what is this stock's growth rate? A) 7.29 B) 6.00 C) 4.73 D) 5.92 percent percent percent percent 8) ABC has a net profit margin of 4.3 percent on sales of s12.000,000. The firm has 250,000 shares outstanding. If the firm's P/E is 16 times, how much is the stock selling for? A) S33.02 B) $41.72 C) $25.40 D) $35.96 If you own 400 shares of Air Line Inc. at $44.50, 500 shares of BuyRite at $52.90. and 100 shares of MotorCity at $9.25, what are the portfolio weights of each stock? A) Air Line 0.4173, BuyRite 0.4960, MotorCity 0.0867 B) Air Line 0.3333, BuyRite 0.3333, MotorCity- 0.3333 C) Air Line 0.3940, BuyRite 0.5855, MotorCity- 0.0205 D) Air Line 040, BuyRite 0.50, MotorCity 0.10 10) of Company S 10) At the beginning of the month, you owned $6,000 of Company G, $s and Company) $1,000 of Company N. The monthly returns for Company G. Com return? were 7.25 percent,-1.50 percent, and-0.23 percent. What is your p A) 2.08 D) 3.71 B) 1.84 percent percent percent percent 11) You have $45.050 to invest. You want to purchase shares of Company Air at S10.25, 1) Company B at $15.10, and Company F at $9.05. How many shares of each company should you purchase so that your portfolio consists of 30 percent Company A. 50 percent Company B, and 20 percent Company F? Report only whole stock shares. A) Company A-30 shares, Company B 50 shares, Company F 20 shares B) Company A-44 shares, Company B-30 shares, Company F-50 shares C) Company A 308 shares, Company B 755 shares, Company F- 181 shares D) Company A-1.318 shares, Company B 1,490 shares, Company F-995 shares 12) Compute the standard deviation of the expected return given these three economic states, their likelihoods, and the potential returns: Economic State Fast Growth Slow Growth Probability Return 0.2 0.5 0.3 30% 6% -2% Recession A) 10.87 percent C) 11.34 percent B) 8.4 percent D) 24.09 percent 13) A manager believes his firm will earn a 16 percent return next year. His firm has a beta of 1.5, the expected return on the market is 14 percent, and the risk-free rate is 4 percent. Compute the return the firm should earn given its level of risk and determine whether the manager is saying the firm is undervalued or overvalued. A) 22 percent, undervalued C) 19 percent, undervalued B) 19 percent, overvalued D) 22 percent, overvalued