Exam 1 (Libby Chapters 5-9)

The exam is open from Sunday December 27, 12:01 am until Sunday January 3, 11:59 pm. The exam is due by Sunday January 3, 11:59 pm. All times are U.S. Eastern Time.

You have a total of 120 minutes to finish the exam and you have ONLY ONE attempt at the exam, which means you have to complete the exam in one single sitting staying logged in. Once you log out, you are not allowed to log back in and retake the exam.

Under the Kelley School of Business Student Code of Ethics, this exam is an individual assignment. You should not receive help from another person. By submitting the exam, you indicate that it is your work alone. Additionally, you may not discuss the exam with any other student after you have taken the exam until the exam period is over.

You are allowed to use the book, notes, and other sources you have prepared prior to the exam; however, you may not use web sources during the exam.  A calculator or a spreadsheet program is allowed too for computational problems. When calculating present values, the problems will provide access to present value tables (or factors) as are used in the textbook. However, you can also use Excel or a financial calculator when computing present values. Recall that if using Excel or a present value calculator, the answers will be slightly different than using the textbook tables because the tables use only 5 digits. Therefore, you may need to choose the closest answer if your computation does not exactly match the multiple choice answers.

Exam 1 consists of 42 multiple choice questions, which include 12 conceptual questions for 2 points each, 14 computational questions for 2 points each, and 16 computational questions for 3 points each.