ENSC201 Assignment #3 Due Sept 26, 2007 (5%) 

In-class quiz

There will be a short 15 minute quiz at the end of next week's class. You will be quizzed on material referenced on "What's Hot" between Sept 12 and Sept 26th.

Check this page periodically for hints...here's one now:

1. Yes, I want to be an automatic millionaire (have $1 million in cash or liquid securities) by the time I am 30/40/50 (choose one). I can accomplish this in exactly  ___ years from today by making automatic monthly contributions to my RRSP account (e.g. automatic bank account withdrawals/transfers).  Using a low-risk interest rate of ___% (annual), my monthly contribution would have to be $______.  (Most spreadsheet programs and fancy calculators have built in financial functions that let you calculate this)

2. My Burnaby tech company has a US receivable of $1million due in the next month. The profit on this is $100K (i.e. 10%). I worry about the rising Loonie. You may think a penny or two is no big deal, but it can reduce my profit by 20% (how?). How can I avoid such a profit reduction?

3. What's an IPO?

Updated: 21Sep2007