The Spring 2012 Final Exam covers Chapters 7, 8, 9, 10, 11, and 15.

Here is a link to the Spring 2002 Final Exam and its Answer Key.  Here is a link to the Spring 2003 Final Exam and its Answer Key.  Here is a link to the Spring 2004 Final Exam and its Answer Key.  Here is a link to the Spring 2005 Final Exam and and its Answer Key.  Here is a link to the Spring 2007 Final Exam and and its Answer Key. Here is a link to the Spring 2008 Final Exam and a partial Answer Key.  The 2009 exam was online, but here is the Answer Key.  Here is a link to the Spring 2010 Final Exam and the Answer Key.  Here is a link to the Spring 2011 Final Exam Answer Key. These exams covered different chapters than our class. Specifically, Chapter 8 was covered only in 2007 and 2011, Chapter 11 was not covered in 2004, and Chapter 14 was covered in detail in 2002 and lightly in 2011.  In most years, Chapter 6 was covered on the Final Exam rather than the Mid-Term Exam. In some years, Chapter 7 is on the Mid-term rather than the Final Exam. 

Your exam will be in the similar in format to the sample exams.  There will be a closed book portion followed by an open book portion.  The closed book portion covers the concept portions of Chapters 7-11 and 14.  The open book portion covers calculations from Chapters 7-11 and 14.

The rough breakdown of your exam will be Chapter 7=7% concepts and 9% calculations, Chapter 8=10% concepts and 8% calculations, Chapter 9=7% concepts and 8% calculations, Chapter 10=7% concepts and 10% calculations, Chapter 11=7% concepts and 12% calculations, Chapter 15 = 7% concepts and 8% calculations. By rough, I expect to be within 4% of the above numbers for each section.

In creating your exam, I will use a combination of in-class handouts, WEBCT quizzes, past exams, and end of chapter questions and problems.  Calculations that have a high probability of appearing on the exam include, but are not limited to; constant growth stock model application, non-constant growth stock valuation, put-call parity, intrinsic value of options, a multi-step WACC problem, valuation of cash flows using IRR, NPV, and Payback period, a complex capital budgeting problem. Concepts tested on the exam are mostly from WEBCT quizzes. Additional concepts would be real option identification from the in-class handouts.  I expect to have 15-20 concept questions.

Open book means you may bring any type of printed outside material that you fill will assist you in completing the exam. This includes, but is not limited to, old exams, quizzes, textbooks, class notes, previous student’s class notes, mystery novels, I ching, etc..