PFC final exam

[4dkids]

My test is over. Time was such a factor that I did not finish all of the questions. I had 10 questions with about 6 being essay. Many of the essays were asking to explain relationships and worth from 4 to 15 pts each. There were a few quick easy calculations; value preferred stock, how much do you have to save for X years to buy a yacht for this much, is this bond overpriced at this price. There was one biggie, multi part question(worth 20pts) like compute the NPV and payback of these two investment options then explain why you would choose one over the other. That one alone took me about 15mins!. I did a lot of calculator work and just wrote the keys and amounts since you have to show all work. I felt that I tabbed/marked my book well for reference but in the hurried pace, the book felt more of a burden. Simple formulas are better served on a self made formula sheet. I would have to say that aside from the essays, the other questions were like some of the questions on the practice exams. The 20 pt question was like a few practice problems put together. It's everything that you've done before, you just have to stay calm and break down the problem to separate calculations. There was an essay about bonds and interest rate relationship but I was timed out before answering it. I chose this route as opposed to the DSST because I'm not strong in math and didn't want the DSST grade(EC) to bring down my GPA if I did poorly. This will show as a 3 credit pass/fail. Hope this helps someone.