1. What is the current unemployment rate in the U.S.?

a. 4.1%

b. 5.6%

c. 4.6%

d. 5.1%

e. 3.6%

2. The TED spread is the difference between the interest rates on interbank loans (usually LIBOR) and short-term U.S. government debt (usually T-bills)

True

False

3. The closing price of a stock is quoted at 22.88, with a P/E of 25 and a net change of 1.52. Based on this information, which one of the following statements is correct?

a. The earnings per share are equal to 1/25th of $22.88

b. The earnings per share have increased by $1.52 this year

c. A dealer will buy the stock at $22.88 and sell it at $25 a share

d. The stock increased in value between yesterday's close and today's close by $.0152

e. The closing price on the previous day was $1.52 higher than today's closing price