Exhibit 57
Use the Information Below for the Following Problem(S)

question 9

Multiple Choice

Exhibit 5.7
Use the Information Below for the Following Problem(S)
$\begin{array}{cccccc} & \text { Number } &{\text { December 31, 2011 }} &&{\text { December 31, 2012 }} \\\text { Stock } & \text { of Shares } & \text { Price } & \text { Value } & \text { Price } & \text { Value } \\\hline \mathrm{A} & 5,000 & \$ 20 & \$ 100,000 & \$ 25 & \$ 125,000 \\\mathrm{~B} & 8,000 & \$ 40 & \$ 320,000 & \$ 42 & \$ 304,000 \\\mathrm{C} & 15,000 & \$ 10 & \$ 150.000 & \$ 15 & \$ 225,000\end{array}$
-Refer to Exhibit 5.7.If the December 31,2011 value weighted index for ABC was 100,what is the value weighted index for ABC on December 31,2012?

• A) 108.35
• B) 114.74
• C) 120.19
• D) 126.67
• E) 131.54

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Definitions:

Leveraged Lease

A financing agreement where a lessor borrows funds to purchase an asset, which is then leased to a lessee, with the lease payments ensuring repayment of the loan.

Single Investor Lease

A lease agreement in which a single investor owns the asset and leases it directly to a company, who then has the option to buy the asset at the end of the lease term.

Conditional Sales Agreement Lease

A lease agreement where the lessee has the option to purchase the leased asset at the end of the lease term under agreed-upon conditions.

Financial Leases

Long-term leases that effectively transfer the risks and rewards of ownership from the lessor to the lessee, almost like a loan arrangement.