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Please click on the link below to access the practice. Once you open the quiz, please complete the quiz on paper showing all of your work. Put question 1 on one side of the paper and question 2 on the other side of the paper. Once you are finished with the quiz you will have 10 minutes to upload your work to Moodle. Please make sure that you take a good picture of both pages and upload the pdf (1 document, 2 pages) to Moodle. @@PLUGINFILE@@/Practice%20Test.pdf?time=1760466473591

The data set below represents the number of burgers eaten per year by a Texan citizen. 40  ,  32  ,  20  ,  51  ,  15  ,  29  ,  33  ,  49  ,  19  ,  37  ,  20  ,  10  ,  0  ,  5  ,  105  ,  84  ,  23 Find the five number summary.  Round to the nearest tenth, if necessary.  (8 points)  Min = ______  ,  Q1 = _______  ,  Median = _______  ,  Q3 = ________  ,  Max = _______ List all outliers in this data set, if one or more exist.  Explain why the data value(s) is/are an outlier.  (2 points)

Fill in the blank word bank: mean, parameter, population, sample, standard deviation, statistic, survey.

Complete the table below.  Round to the nearest hundredth, if necessary.  (2 decimal places) Class Limits Class Boundaries Frequency Midpoint Relative Frequency Cumulative Frequency 2 – 14 – 4       15 – 27 – 7       28 – 40 – 17       41 – 53 – 12       54 – 66 – 9       X X ∑ f =  X X X (10 points) Note: Find lower and upper class boundaries, midpoint of each class, rel. f, and cumulative f.  Do not fill in the boxes with “X” in them. Based on the table above, sketch the frequency histogram (***5 points***) with the frequency of each class labeled on the vertical axis and the midpoint of each class labeled on the horizontal axis.

What is the price you just paid for this bond? 

What will be the price of the bond when you sell it at the end of year four? 

The interest rate charged by banks with excess reserves at a Federal Reserve Bank to banks needing overnight loans to meet reserve requirements is called the __________.

You own a semi-annual bond that will mature in 8 years, but is callable in three years with a penalty of $50.  The coupon rate is 5%, and it has a face value of $1,000.  If it is currently selling for $1,085, what is the yield to call on this bond?

Formulas for Exam One   Forward Spot Rate = (1+YTMn)n /(1+YTMn-1)n-1 -1   NAV = (MVassets – Liabilities) / Shares Out   Bond Price = PMT1/(1+YTM)1 + PMT2/(1+YTM)2 +…..PMTn/(1+YTM)n + FV/(1+YTM)n   ΔP/P = -D[ΔY/(1+Y)]   Duration of Perpetuity = (1+Y)/Y   Current Margin = (MV – amount borrowed) / MV   MC = $borrowed / [(1 – Margin) X #Shares]   Short Margin = (Initial cash – MV of Shares) / MV of shares   Short MC = Initial cash position / [(1+Margin) X #Shares]

You are the manager of a fixed income pension fund.  You currently expect that interest rates are going to increase significantly over the next year.  Using the concept of duration, what types of bonds should you begin to buy?