FINS2624 S2 2012
Mockterm
FAMILY NAME OTHER NAMES STUDENT ID SIGNATURE
THE UNIVERSITY OF NEW SOUTH WALES SCHOOL OF BANKING AND FINANCE
TIME ALLOWED: N/A
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FINS2624 PORTFOLIO MANAGEMENT MOCK MID-TERM EXAMINATION - SEMESTER 2, 2012
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FINS2624 S2 2012
Mockterm
INSTRUCTIONS 1) Write your name, student ID number and signature in the assigned space on the front page. 2) To make sure that we can identify your exam if your student
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2. Which of the following statements about the efficient frontier is true? a) In practice, only the market portfolio is on the efficient frontier. b) The portfolios on the efficient frontier are only dominated by other portfolios on the efficient frontier. c) The efficient frontier tends to be concave. d) Several of the above statements are true. e) None of the above statements are true. The efficient frontier is a set of portfolios that minimize the standard deviation for their respective expected returns., so A is false. The portfolios on the efficient frontier are not dominated by any portfolios, so B is false. C is correct. Page 4 of 21 Please see over
FINS2624 S2 2012
Mockterm
3. Which of the following statements about the yield-to-maturity is true? a) Discounting all cash flows of a bond with the bond’s yield-to-maturity only gives us the correct price if we have a flat term structure of interest rates. b) The yield-to-maturity is upwards sloping. c) The yield-to-maturity is always a spot rate. d) Several of the above statements are true. e) None of the above statements are true. E is correct. The yield-to-maturity, y is the constant hypothetical interest rate that solves P = 1 FV c 1− + T y (1 + y) (1 + y)T
The concept does not rely on the actual existence of such an interest rate, so A and C are false. By definition, it is a constant so B is false. 4. Which of the following statements about bonds is true? a) A zero-coupon
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General Instructions: • Write your name and student ID clearly above. • You have 1 hour and 15 minutes to write the exam. No extra time will be given. • There are 4 questions in the exam, all with subparts. The questions combine for a maximum of 100 points. • You must write your answers clearly in the space provided for each question. You might use the backside of each page, as well as any additional sheets as required. If you are using additional space, you must clearly label the question no. that you are answering. Any loose sheets must have your name and student ID written clearly. • The exam is open book/open notes, however,
Provide a double-spaced entry in the top left corner of the first page that lists your name, your instructor's name, the course, and the date.
A. The interest rate to use is the nominal rate, assets are the discounted sum of their future values, and expected
I have placed the Final Exam and the Final Exam Answer Sheet on the Home Page of the course. Download the Final Exam and Final Exam Answer Sheet to your computer. Please submit your completed Final Exam Answer Sheet in the Assignment Drop Box located in the Assignments section of the using the following file name format: "lastname _final_exam.doc" (for example, "smith _final_exam.doc"). The Final Exam Answer Sheet is due by Friday, 1/21/11 at midnight--no exceptions.
Classifying how the income statement needs to be coded for Lads & Lassies is a two step processes. I will be using the data provided in the case along with information from FASB's Accounting Standards Codification. FASB's coding system is being used to help prepare the layout and ensure proper reporting of the items listed in the case analysis. Some minor changes need to be done to the income statement format to make it presentable which will be noted in the analysis. Please reference Appendix A throughout the analysis to see how the income statement is ultimately being
exam, input your exam into the final exam shell in the exam folder on the course webpage. Good luck
In this case study, the main focus of our interest is to evaluate the non traditional incentive system. But before going into the detail of Non-traditional incentive system, let us summarize the case study first.
Option 3. This option pay a 1% coupon payment annually each December 31 for 10 years. The interest expense is lower than Option 2 since 1% cash paid is given annually to investors reducing the bonds payable amount over 10 years. Investors yield 5% with this option.
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3. Duration of a ten-year 6% coupon bond with a face value of $100 is
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