Questions from Business Mathematics

Q: Yellowknife Mining sold 34,300 oz. of gold in Year

Yellowknife Mining sold 34,300 oz. of gold in Year 1 at an average price of $1160 per ounce. Production was down to 23,750 oz. in Year 2 because of a strike by the miners, but the average price obtain...

Q: Two years ago the shares of Diamond Strike Resources traded at a

Two years ago the shares of Diamond Strike Resources traded at a price of $3.40 per share. One year later the shares were at $11.50, but then they declined in value by 35% during the subsequent year....

Q: Barry recently sold some stock after holding it for two years.

Barry recently sold some stock after holding it for two years. The stock’s price rose 150% during the first year, but fell 40% in the second year. At what price did he buy the stock if he sold it for...

Q: Albion Distributors’ revenues and expenses for the fiscal year just completed were

Albion Distributors’ revenues and expenses for the fiscal year just completed were $2,347,000 and $2,189,000, respectively. 1. If in the current year revenues rise by 10% but expense increases are hel...

Q: One year ago, Christos bought 1000 units of the Dominion Aggressive

One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per unit. Today a unit’s value is $19.10. During the year, the fund made a distribution of $0.40 per unit. On...

Q: A company’s annual report states that its common shares had price gains

A company’s annual report states that its common shares had price gains of 23%, 10%, −15%, and 5% during the preceding four fiscal years. The share price stood at $30.50 after last year’s 5% gain. 1....

Q: A portfolio earned −13%, 18%, 5%, 24%,

A portfolio earned −13%, 18%, 5%, 24%, and −5% in five successive years. What was the portfolio’s total rate of return for the five-year period?

Q: One of the more volatile mutual funds in recent years has been

One of the more volatile mutual funds in recent years has been the AGF China Focus Fund. The fund’s annual returns in successive years from 2007 to 2012 inclusive were 30.53%, −41.67%, 27.75%, 1.27%,...

Q: 80% of what amount is $100?

80% of what amount is $100?

Q: Use F V = P M T [ ( 1 + i

Use F V = P M T [ ( 1 + i ) n − 1 i ] , to obtain PMT if FV = $1508.54, n = 4, and i = 0.05.