Fin366 final exam week 5



Final Examination (2 points each).

Please show your work in solving problems 1 and 2. For example, if the answer to problem #1 is $20, it is acceptable to write #1 = $20. You will need to show how the answer was derived for your work to be graded.

With regards to questions 3 through 5, it is acceptable to simply write the question number and then the letter for the answer, for example, 3 = a.

Good luck.

1.  If purchasing power parity applied to Big Macs, and a Big Mac cost $2.50 in the United States while the British pound cost $1.50 and €0.90 euros could be obtained for $1.00
   a) how much would the Big Mac cost in Britain and
   b) Germany respectively?

2. Arbuckle Corporation is selling two million shares of common stock in its initial public offering (IPO).  The company’s investment banker, Jones  Securities, will offer the stock to the public at $15 per share and charge Arbuckle Corporation an underwriting spread of 7 percent.

   a) What will be  the gross proceeds from the IPSO?

   b) What will be Arbuckle Corporation’s net proceeds from the offering?

   c) How much will Jones Securities earn for conducting the offering?

(Questions 3 to 5 have only one answer each)

3.  There are ______ members of the Federal Reserve Board of Governors, ­­­­_______ members of the Federal Open Market Committee, and ________ Federal Reserve Banks.

a. 12; 7; 12;  b. 7; 14; 12; c. 14; 12; 12;  d. 7; 12; 12

4. The Fed’s primary tools of monetary policy include all the following except

          a.  changing the discount rate.
          b.  open market operations.
          c.  adjusting  reserve requirements.
          d.  changes in the Federal Funds rate.

5. If a Canadian dollar costs $0.84 in U.S. dollars today and traded for $0.86 last year, the U.S. dollar

          a.  has appreciated against the Canadian dollar.
          b.  has depreciated against the Canadian dollar.
          c.  has more buying power in England.
          d.  none of the above.

Words: 291

Get 20% Discount on This Paper
Pages (550 words)
Approximate price: -

Try it now!

Get 20% Discount on This Paper

We'll send you the first draft for approval by at
Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Do My Homework has assembled a team of highly skilled writers with diverse experience in the online writing circles. Our aim is to become a one stop shop for all your Academic/ online writing. Check out below our amazing service!


Essay Writing Services

At Do My Homework, we prioritize on all aspects that creates a good grade such as impeccable grammar, proper structure, zero-plagiarism, and conformance to guidelines. The principal purpose of essay writing is to present the author's evaluation concerning a singular subject about which they have made. Since Professionalism is the mother of every success, try our team of experienced writers in helping you complete your essays and other assignments.


Admission Papers

You have been trying to join that prestigious institution you long yearned for, but the hurdle of an admission essay has become a stumbling block. We have your back, with our proven team that has gained invaluable experience over time, your chance of joining that institution is now! Just let us work on that essay.How do you write an admission essay? How do you begin the essay? For answers, try Quality Custom Writers Now!


Editing and Proofreading

Regardless of whether you're pleased with your composing abilities, it's never an impractical notion to have a second eye go through your work. The best editing services leaves no mistake untouched. We recognize the stuff needed to polish up a writing; as a component of our editing and proofreading, we'll change and refine your write up to guarantee it's amazing, and blunder free. Our group of expert editors will examine your work, giving an impeccable touch of English while ensuring your punctuation and sentence structures are top-notch.


Technical papers

We pride ourselves in having a team of clinical writers. The stringent and rigorous vetting process ensures that only the best persons for job. We hire qualified PhD and MA writers only. We equally offer our team of writers bonuses and incentives to motivate their working spirit in terms of delivering original, unique, and informative content. They are our resources drawn from diverse fields. Therefore your technical paper is in the right hands. Every paper is assessed and only the writers with the technical know-how in that field get to work on it.


College Essay Writing

If all along you have been looking for a trustworthy college essay service provider that provides superb academic papers at reasonable prices, then be glad that you search has ended with us. We are your best choice! Get high-quality college essay writing from our magnificent team of knowledgeable and dedicated writers right now!


Quality Assignment/Homework Help

We give the students premium quality assignments, without alarming them with plagiarism and referencing issues. We ensure that the assignments stick to the rules given by the tutors. We are specific about the deadlines you give us. We assure you that you will get your papers well in advance, knowing that you will review and return it if there are any changes, which should be incorporated.