1. Which one of the following is NOT permitted if your account is restricted to Liquidation orders only?
A. Depositing addition funds
B Placing an order to open a naked optionposition
C Buying to close an uncovered position
D Selling to close a long position or # none of the above
2. Blitz Corp. had total sales of $2,770,000 last year and has 100,000 shares of stock outstanding. The benchmark PS is 1.48 times. What stock price would you consider appropriate?
$38.26
$36.90
$32.80
$18.72
$41.00
3. Calculate the NPV of an investment that promises to pay $25,000 in one year is offered for sale at $22,500. Your internal interest rate is 5%. Show your work