Corporate Finance Final

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ADM 3350 M
Winter 2010

CORPORATE FINANCE

ANSWER KEY MIDTERM EXAMINATION – February 10th, 2010

Professor: Kaouthar LAJILI, PhD., CGADuration: 1 hour and 30 minutes

| | | | |INSTRUCTIONS | | | | | |Please answer all questions. | | |No notes, texts, etc. | | |Calculators, but not computers, are permitted. | | |Use three decimals for all calculated results. | | |Please hand in the entire questionnaire. | | |No exam book needed. |

| | | |
|Part I |15 | |
| | | |
|Part II |35 | |
| | | |
|TOTAL |50 | |

NAME: __________________________________________

STUDENT #: ________________________
|Statement of Academic Integrity | |The School of Management does not condone academic fraud, an act by a student that may result in a false academic evaluation of | |that student or of another student. Without limiting the generality of this definition, academic fraud occurs when a student | |commits any of the following offences: plagiarism or cheating of any kind, use of books, notes, mathematical tables, dictionaries | |or other study aid unless an explicit written note to the contrary appears on the exam, to have in his/her possession cameras, | |radios (radios with head sets), tape recorders, pagers, cell phones, or any other communication device which has not been | |previously authorized in writing. | | | |Statement to be signed by the student: | |I have read the text on academic integrity and I pledge not to have committed or attempted to commit academic fraud in this | |examination. | | | |Signed:______________________________________ | | | |Note: an examination copy or booklet without that signed statement will not be graded and will receive a final exam grade of zero. | PART I: Multiple Choice Questions

(15 points)

Please circle the correct answer

1. In an EPS-EBI graphical relationship, the slope of the debt ray is steeper than the equity ray. The debt ray has a lower intercept because: A)more shares are outstanding for...
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