We are pleased to present our first ever Rock Your Stock Finance News Quiz, the questions for which have been culled from this week’s financial news. Get all seven questions right and we’ll enter your name into a draw to win a free book! The book is Understanding Exchange-Traded Funds, by Archie M. Richards, published by McGraw–Hill.
To enter, e-mail your answers to editor@rockyourstock.com by Saturday, April 21st at 12 noon EST. Make sure to include “finance news quiz” in the subject line, and make sure to include your name and contact details in the body of the e-mail. To have your name entered into the draw twice, leave a comment on this blog entry letting us know what you think of Rock Your Stock.
And now, the questions:
1. Sallie Mae, the largest provider of student loans in the United States, announced Monday that it had agreed to a buy-out to a consortium of private investors. How much was the deal worth?
a) $1 billion
b) $3.5 billion
c) $5 billion
d) $25 billion
e) $35 billion
2. Which large pharmaceutical company reported this week that its net loss have decreased to $49.4 million or 38 cents a share, after posting strong sales of a diabetes drug called Byetta?
a) Amylin
b) Pfizer
c) Kinetek Pharmaceutical Inc.
d) Reliant Pharmaceuticals Inc.
3. Which large phone company pulled out of talks this week to acquire a stake in a business called Olimpia, which controls Telecom Italia?
a) AT&T
b) Bell Canada
c) C. Montgomery Burns Telecommunications Limited.
4. On Tuesday, Coca-Cola announced that its Q1 profits for 2007 had:
a) decreased by 27 percent, compared to the same quarter last year.
b) increased by 14 percent, compared to the same quarter last year.
c) increased by 150 percent, compared to the same quarter last year.
d) decreased by 5 percent, compared to the same quarter last year.
5. This week, Google unveiled a new copyright-protection tool to help media companies automatically report pirated content on YouTube. Google has named this new tool:
a) G-snitch
b) Online Reporter
c) Napster
d) Claim Your Content
6. Which computer manufacturer announced this week that it was cutting 1,400 jobs (about 5 percent of its workforce):
a) Dell
b) Hewlett-Packard
c) Lenova
d) IBM
7. Which of these two search engines reported earnings this week that exceeded analysts’ expectations? (Okay, I admit this one’s a complete gimmee.)
a) Google
b) Yahoo!
