Exams (FINA 4360)

Exams are open book and, therefore, all questions involve some thinking. No memorization of formulas or definitions is needed. Each midterm is divided into two parts: problems (40 points) and a recent news article (20 points). In the first part of each exam, there will be four problems. The second part involves the interpretation of a financial news clip. I do not pull any surprises during exams. That is, the best way to prepare for the exam is to go over examples and exercises on the book, and to prepare for the cases that will be discussed in class.

The class before each exam, I'll make available in this page a current newspaper article. You should come to the exam with the news article read. It is recommended that, before each exam, you try to relate the news article to the relevant chapters in the book. Try to think about potential questions. They will be no much different from the questions written for the cases. The answers to the article questions are simple. They do not involve writing more than two sentences. In general, if you write more than three sentences, you are writing too much.

The exam is open book (and news article) only. No other material is allowed. You can write, however, anything you want in the book. Do not paste solutions to old exams, solutions to homework, etc. If you think the old exam solutions are important, write them on your book. Again, do not paste anything to the book. It will be considered cheating. Also, phones and any noise-making electronic instrument should be turned off during the exam. Only the book, a copy of the article, and a calculator are allowed to be on your desk.

Yes, the final exam is comprehensive.

As usual, unless stated otherwise, you are responsible for everything we cover in class and everything in your book.

*Midterm Solutions (Posted as the semester advances)
Solutions Midterm 1 (pdf format)
Solutions Midterm 2 (pdf format)
Solutions Midterm 3 (pdf format)
Solutions Final (pdf format)


*News Articles for Midterms: Summer 2023 (posted as the semester advances)
Article for Midterm 1 (pdf format)
Article for Midterm 2 (pdf format)
Article for Midterm 3 (pdf format)
Article for Final (pdf format)


*Practice Midterms (There are no solutions provided for these practice exams):
  • Spring 1997
    Midterm 1 (pdf format)
    Midterm 2 (pdf format)
    Midterm 3 (pdf format)

  • Spring 2003
    Midterm 1 (pdf format) - Article for Midterm 1 (Spring 03)(pdf format)
    Midterm 2 (pdf format) - Article for Midterm 2 (Spring 03)(pdf format)
    Midterm 3 (pdf format) - Article for Midterm 3 (Spring 03)(pdf format)

  • Fall 2012
    Midterm 1 (pdf format) - Article for Midterm 1 (Fall 12)(pdf format)
    Midterm 2 (pdf format) - Article for Midterm 2 (Fall 12)(pdf format)
    Midterm 3 (pdf format) - Article for Midterm 3 (Fall 12)(pdf format)

  • Spring 2017
    Midterm 1 (pdf format) - Article for Midterm 1 (Fall 17)(pdf format)
    Midterm 2 (pdf format) - Article for Midterm 2 (Fall 17)(pdf format)
    Midterm 3 (pdf format) - Article for Midterm 3 (Fall 17)(pdf format)


    *Practice Finals (There are no solutions provided for these practice exams):
    Final 1997 (pdf format)
    Final 2005 (pdf format) - Article for Final 2005 (pdf format)
    Final 2010 (pdf format) - Article for Final 2010 (pdf format)
    Final 2017 (pdf format) - Article for Final 2017 (pdf format)


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