Finc 3310 final exam - Study guides, Class notes & Summaries

FINC 3310 FINAL EXAM QUESTIONS & ANSWERS 2023/2024 What is a mortgage? - ANSWER-A long-term loan secured by real estate. This means that the real estate is used as collateral, and if you miss a payment, the real estate will be taken away. It is also an amortized loan, which means it is a fixed payment where the borrower pays an amount towards the interest and principal each month. Which of the following is NOT a way that we characterize mortgages? a. mortgage loan amortization b. loa...

FINC 3310/LEAVELL - All Quizzes - Final Exam Preparation The _____ uses Monetary Policy to help control the Money Supply. - Fed The price of one country's currency in terms of another's currency is the ___ rate. - foreign exchange ___ represents an ownership position in a corporation. - Stock A(n) _____ is an obligation of the borrower. - bond A(n) ___ functions as a middle man in the transfer of funds from lenders to borrowers. - financial intermediary A(n) ___ is the c...

FINC 3310 Leavell All Actual Exams 1, 2, 3, & 4 Final Exam Preparation(Chapters 1, 2, 3, 5, 7, 9, 10, 11, 12, 13, 14, 20 & 21)With Complete Solutions.

FINC 3310 Leavell - All Possible Exams 1, 2, 3, & 4 - Final Exam Preparation The ______ is the financial market in which only short-term debt instruments are traded. money market ______ are agents of investors who match buyers with sellers of securities. Brokers The _____ interest rate more accurately reflects the total cost of borrowing. real Bonds with relatively low risk of default are called _____. investment grade bonds Financial institutions exist to _____. lower transactions c...

FINC 3310 Leavell - All Possible Exams 1, 2, 3, & 4 - Final Exam Preparation The ______ is the financial market in which only short-term debt instruments are traded. money market ______ are agents of investors who match buyers with sellers of securities. Brokers The _____ interest rate more accurately reflects the total cost of borrowing. real Bonds with relatively low risk of default are called _____. investment grade bonds Financial institutions exist to _____. lower transactions c...

FINC 3310/LEAVELL - All Quizzes - Final Exam Preparation 2023/2024 The _____ uses Monetary Policy to help control the Money Supply. - ANSWER-Fed The price of one country's currency in terms of another's currency is the ___ rate. - ANSWER-foreign exchange ___ represents an ownership position in a corporation. - ANSWER-Stock A(n) _____ is an obligation of the borrower. - ANSWER-bond A(n) ___ functions as a middle man in the transfer of funds from lenders to borrowers. - ANSWER-f...

FINC 3310 Leavell - All Possible Exams 1, 2, 3, & 4 - Final Exam Preparation The ______ is the financial market in which only short-term debt instruments are traded. money market ______ are agents of investors who match buyers with sellers of securities. Brokers The _____ interest rate more accurately reflects the total cost of borrowing. real Bonds with relatively low risk of default are called _____. investment grade bonds Financial institutions exist to _____. lower transactions c...

FINC 3310 - Leavell - Actual Final Exam Questions & Answers 2023/2024 The concept of Time Value of Money means ____. - ANSWER-a dollar today is worth more than a dollar tomorrow What is the feature of a corporate bond that protects the purchaser for the bond from moral hazard problems on the part of the borrower? - ANSWER-Restrictive Covenants Which of the following best explains why municipal bonds have lower interest rates than Treasury bonds? - ANSWER-The lower federal tax rate assoc...

FINC 3310 Leavell - All Possible Exams 1, 2, 3, & 4 - Final Exam Preparation The ______ is the financial market in which only short-term debt instruments are traded. money market ______ are agents of investors who match buyers with sellers of securities. Brokers The _____ interest rate more accurately reflects the total cost of borrowing. real Bonds with relatively low risk of default are called _____. investment grade bonds Financial institutions exist to _____. lower transactions c...

Larry can borrow $1,000 from Mary. She wants him to pay her $1,290 in 3 years. About what would the YTM be for the loan? 8.86% The _____ interest rate more accurately reflects the total cost of borrowing. real Bonds with relatively low risk of default are called _____ investment grade bonds. ______ are major disruptions in financial markets that are characterized by sharp declines in asset prices and the failures of many financial and non financial firms. Financial crisi...