Dr. Oeding will use exam proctoring software to proctor the mini-exam and five unit exams. I understand that Dr. Oeding will review these videos to make sure the exams were taken without the help of outside resources.

To be successful in the course, I will need to attend class, listen to the lectures, take notes, and complete the practice assignments in my textbook or posted online. 

You are currently looking for a new stock in which to invest.  Through a friend of a friend, you hear that Evaporite Systems Inc. has just successfully completed testing on a new system to eliminate wastewater which will make all other systems obsolete, and have partnered with a major petroleum development company to bring it to market.   In the space below, describe under which form(s) of market efficiency it would be worth your time and effort to invest in this company, and under what form(s) of efficiency it would not be feasible.  Why is this the case?

What was General Dynamic’s effective tax rate in 2011?

You have a friend who claims that because Microsoft has a higher standard deviation than Exxon, it must have a higher cost of equity as well.  Briefly explain why this is an incorrect statement.

What is an annuity?  Explain why a beginning annuity will always be worth more than an ordinary (ending) annuity?

Each of the next four questions require multiple steps to solve.  So if you come up with an answer in one step, you have did it incorrectly.  I do give partial credit for these, if I can figure out where you went off track.  So please show me the keystrokes for each part of the question, and all intermediate answers.

These questions are short answer.  Please do not write more than one paragraph on any of them, and using bullet points is perfectly acceptable.

You will have 40 minutes to complete the following: One body paragraph using a source Proper in-text citations One works cited listing

You are purchasing a new car for $14,000, and have been given a promotional offer by the dealership which allows you to purchase the vehicle using 1% APR financing on a 60 month loan.   You had planned on using your credit union, which had agreed to finance the car at 6% interest, but you certainly now prefer to accept the dealership’s offer.  Given this promotional rate, what is the true cost of this car for you?