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27 Pages

### BUS3026W_APRIL+TEST_2007

Course: FINANCE 3044, Spring 2006
School: University of Cape Town
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Word Count: 3755

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University of Cape Town - FINANCE - 3044
BUS3026WCLASSTESTMEMOAPRIL2007SectionA1. b2. d3. b4. bordwereaccepted5. d6. a7. b8. d9. e10. thisquestionwasscrappedasiandiiiwouldhavebeenthecorrectanswerbutthatoptionwasnotprovided11. d12. d(ealsoacceptedduetoerrorinnamingofstockinquestio
University of Cape Town - FINANCE - 3044
University of Cape Town - FINANCE - 3044
FormulaSheetw MIN (D) =wD =22E Cov(rD , rE )2E + D 2Cov(rD , rE )2[E(rD ) rf ]E [E(rE ) rf ]Cov(rD , rE )22[E(rD ) rf ]E + [E(rE ) rf ]D [E(rD ) rf + E(rE ) rf ]Cov(rD , rE )x%x%0.01%-3.7191%-2.3262.50%-1.965%-1.64510%-1.28225%-
University of Cape Town - FINANCE - 3044
University of Cape Town - FINANCE - 3044
Finance II 2006: DerivativesSeptember TestThursday, 28 September 2006September Test, 4th QuarterThursday, 28 September 2006DurationTotal Marks1 hour 45 minutes100 marksNotes and InstructionsSection 1 True of False Questions (10 Questions, max 20
University of Cape Town - FINANCE - 3044
30Sep058.50%7.95%7.90%RS00110yearswap9yearswap3.1.1RS00110YearSwapmarks0.50.5RS0019YearSwap0.50.53.1.230Sep05NACQNACS8.41%8.50% =(1+8.5%/2)^(2/4)1)*48.03% =(1+7.95%/4)^(4/2)1)*27.95%0.46%0.47%30Sep06NACQNACS9.39%9.50% =(1+9.
University of Cape Town - FINANCE - 3044
BUS3026WTERM TEST 130 March 2006`Version ATime: 120 minutesTotal marks: 120 (plus 1 possible bonus mark)Of which:Equities:Portfolio Theory:75 marks45 marksIMPORTANT INSTRUCTIONS:1. At the top right of this page you will see whether your paper
University of Cape Town - FINANCE - 3044
University of Cape Town - FINANCE - 3044
BUS3026WNovemberExam2007SolutionsSectionAQuestion1WehaveaR15mALSIexposure.ThefuturescontractcanberestatedintermsofaninvestmentintheALSI:=1097.6x25x350xe(0.0470.022)0.5=R9724803[2]OurnetexposurestotheALSIisthusR24724803.Theoptionscontractcanberest
University of Cape Town - FINANCE - 3044
University of Cape Town - FINANCE - 3044
University of Cape Town - FINANCE - 3044
SECTION A: RISK MANAGEMENT[30 MARKS]QUESTION 1[21 MARKS]Firstly, we determine our exposures:i) We have a R20m ALSI exposure with weekly dividends of 20m x 0.0156 / 52 = R6 000. [1]The futures contract can be restated in terms of an investment in the
University of Cape Town - FINANCE - 3044
UNIVERSITY OF CAPE TOWNSCHOOL OF MANAGEMENT STUDIESFINANCE 2 FINAL EXAMBUS3026WNOVEMBER 2009Total Marks: 160Time: 3 hoursINSTRUCTIONS: DO NOT TURN OVER THE PAGE UNTIL INSTRUCTEDTO DO SO ANSWER ALL QUESTIONS ANSWER EACH SECTION IN A DIFFERENT BO
University of Cape Town - FINANCE - 3044
FINANCE 2BUS326WFINAL EXAM31 OCTOBER 2003Section A: Modern Portfolio Theory and Bond Valuation [70 marks]Section B: Derivatives and Equity Valuation[45 marks]Section C: International Finance[45 marks]Section D: Active Portfolio Theory and Evaluat
University of Cape Town - FINANCE - 3044
University of Cape Town - FINANCE - 3044
University of Cape Town - FINANCE - 3044
University of Cape Town - FINANCE - 3044
Exam BUS3026 Equity SectionPlease show all your calculations.Total: 60 marksQuestion 1:[Total:17]a) Name one bullish technical pattern that technical analysts use, as well as one ofthe two commonly used overbought / oversold indicators. No descripti
University of Cape Town - FINANCE - 3044
BUS3026W September Test with SolutionsQuestion 111 MarksAssume today is 1 October 2007:Company XYZ issued two zero coupon bonds with the following characteristics:Bond AFace ValueMaturityYield to MaturityCurrent Value====R1,00030 September
University of Cape Town - FINANCE - 3044
SOLUTIONSSECTION A: EQUITIES (18 MARKS)QUESTION 1 (6 MARKS)1.1Resistance levels are set a prices where sellers consistently come in, therebypreventing prices from rising above that level (supply comes in).[1 marks]1.2When earnings are negative, P/
University of Cape Town - FINANCE - 3044
BUS3044F 2011 TutorialDue: Week beginning 21 February__Question 1The founders of Rotocon own 300,000 A-class shares (each with one vote). Recently thecompany had an IPO during which it issued an additional 2,000,000 N-shares (each with0.1 of a vote
University of Cape Town - FINANCE - 3044
BUS3044F 2011 TutorialDue: Week beginning 28 February__Question 1Platocon has just declared a dividend of 437 cps for the 2010/11 financial year.You also have the following information:Dividends for 2007/8, 2008/9 and 2009/10 were, respectively, 38
University of Cape Town - FINANCE - 3044
BUS3044F 2011 Tutorial 4Due: Week beginning 14 March__Question 1Heggie Construction currently has the following capital structure:Ordinary shares8% R1,000 par value convertible debentures each convertible into 10 ordinary sharesOptions owned by ma
University of Cape Town - FINANCE - 3044
BUS3044F 2011 Tutorial 4Due: Week beginning 14 March__Question 1Heggie Construction currently has the following capital structure:Ordinary shares8% R1,000 par value convertible debentures each convertible into 10 ordinary sharesOptions owned by ma
University of Cape Town - FINANCE - 3044
Tutorial and Solutions: Due week beginning 18th April 2011(16 marks)1. The Security Characteristic Line (SCL)A. plots the excess return on a security as a function of the excess return on the market.B. allows one to estimate the beta of the security.
University of Cape Town - FINANCE - 3044
Tutorial: Due week beginning 2nd May 2011(20 marks)1. Discuss the assumptions of the capital asset pricing model, and how these assumptionsrelate to the &quot;real world&quot; investment decision process.[12]2. Discuss the differences between the capital marke
University of Cape Town - FINANCE - 3044
Tutorial: Due week beginning 16th May 2011(22 marks)1. Discuss the various forms of market efficiency. Include in your discussion the information sets involved ineach form and the relationships across information sets and across forms of market efficie
University of Cape Town - FINANCE - 3044
Tutorial 5:Due week beginning 4th April 2011(7 marks)a) Discuss why common stocks must earn a risk premium.[2]b) Toyota stock has the following probability distribution of expected prices one year from now:If you buy Toyota today for \$55 and it will
University of Cape Town - FINANCE - 3044
Tutorial and Solutions:(16 marks)Due week beginning 18th April 20111. The Security Characteristic Line (SCL)A. plots the excess return on a security as a function of the excess return on the market.B. allows one to estimate the beta of the security.
University of Cape Town - FINACNE - 3045
BUS3026W Finance II 2010 International Finance Tutorial 1QUESTION 1 [3 Marks]How is international financial management different from domestic financial management?[3]QUESTION 2 [3 Marks]Discuss three major trends that have prevailed in international
University of Cape Town - FINACNE - 3045
BUS3026W Finance II 2010 International Finance Tutorial 1 Suggested SolutionQUESTION 1 [3 Marks]How is international financial management different from domestic financial management?There are three major dimensions that set international finance apart
University of Cape Town - FINACNE - 3045
BUS3026W Finance II 2010 International Finance Tutorial 2QUESTION 1 [3 Marks]As of November 1, 1999, the exchange rate between the Brazilian real and U.S. dollar is R\$1.95/\$. The consensusforecast for the U.S. and Brazil inflation rates for the next 1-
University of Cape Town - FINACNE - 3045
BUS3026W Finance II 2010 International; Finance Tutorial 2 Suggested SolutionQUESTION 1 [3 Marks]As of November 1, 1999, the exchange rate between the Brazilian real and U.S. dollar is R\$1.95/\$. Theconsensus forecast for the U.S. and Brazil inflation r
University of Cape Town - FINACNE - 3045
BUS3026W Finance II 2010 International Finance Tutorial 3QUESTION 1Suppose that you overheard the following statements at a conference for institutional investors:(A German national): My money manager knows the German firms very well; why should I both
University of Cape Town - FINACNE - 3045
BUS3026W Finance II 2010 International Finance Tutorial 3 Suggested SolutionsQUESTION 1(a) Two reasons why each of these people would want to diversify their portfolio internationally are: risk reductionand return enhancement. Empirical studies have fo
C. Washington - CS - 4613
1.6 List four significant differences between a file-processing system and a DBMS.Answer: Some main differences between a database management system anda file-processing system are: Both systems contain a collection of data and a set of programs which
C. Washington - CS - 4613
1.8 List five responsibilities of a database management system. For each responsibility,explain the problems that would arise if the responsibility were not discharged.Answer: A general purpose database manager (DBM) has five responsibilities:a. intera
C. Washington - CS - 4613
1.11 What are five main functions of a database administrator?Answer: Five main functions of a database administrator are: To create the scheme definition To define the storage structure and access methods To modify the scheme and/or physical organiza
C. Washington - CS - 4613
2.4 Describe the differences in meaning between the terms relation and relation schema.Answer: A relation schema is a type definition, and a relation is an instanceof that schema. For example, student (ss#, name) is a relation schema andss# name123-45
C. Washington - CS - 4613
2.5 Consider the relational database of Figure 2.35, where the primary keys are underlined.Give an expression in the relational algebra to express each of the followingqueries:a. Find the names of all employees who work for First Bank Corporation.b. F
C. Washington - CS - 4613
Figure 2.35. Relational database for Exercises 2.1, 2.3 and 2.9.b. person-name, city (employee _(company-name = First Bank Corporation (works)c. person-name, street, city(company-name = First Bank Corporation salary &gt; 10000)works _ employee)d. perso
C. Washington - CS - 4613
2.6 Consider the relation of Figure 2.20, which shows the result of the query Findthe names of all customers who have a loan at the bank. Rewrite the queryto include not only the name, but also the city of residence for each customer.Observe that now c
C. Washington - CS - 4613
2.7 Consider the relational database of Figure 2.35. Give an expression in the relationalalgebra for each request:a. Give all employees of First Bank Corporation a 10 percent salary raise.Exercises 9b. Give allmanagers in this database a 10 percent sa
C. Washington - CS - 4613
2.8 Using the bank example, write relational-algebra queries to find the accountsheld by more than two customers in the following ways:a. Using an aggregate function.b. Without using any aggregate functions.Answer:a. t1 account-numberGcount customer-
C. Washington - CS - 4613
2.9 Consider the relational database of Figure 2.35. Give a relational-algebra expressionfor each of the following queries:a. Find the company with the most employees.b. Find the company with the smallest payroll.c. Find those companies whose employee
C. Washington - CS - 4613
2.10 List two reasons why null values might be introduced into the database.Answer: Nulls may be introduced into the database because the actual valueis either unknown or does not exist. For example, an employee whose addresshas changed and whose new a
C. Washington - CS - 4613
3.8 Consider the insurance database of Figure 3.11, where the primary keys are underlined.Construct the following SQL queries for this relational database.a. Find the number of accidents in which the cars belonging to John Smithwere involved.b. Update
C. Washington - CS - 4613
Figure 3.12. Employee database.3.9 Consider the employee database of Figure 3.12, where the primary keys are underlined.Give an expression in SQL for each of the following queries.a. Find the names of all employees who work for First Bank Corporation.
C. Washington - CS - 4613
Figure 3.11. Insurance database.employee (employee name, street, city)works (employee name, company name, salary)company (company name, city)manages (employee name, manager name)3.10 Consider the relational database of Figure 3.12. Give an expression
C. Washington - CS - 4613
3.11 Let the following relation schemas be given:14 Chapter 3 SQLR = (A,B,C)S = (D,E, F)Let relations r(R) and s(S) be given. Give an expression in SQL that is equivalentto each of the following queries.a. A(r)b. B =17 (r)c. r sd. A,F (C =D(r s)
C. Washington - CS - 4613
3.12 Let R = (A,B,C), and let r1 and r2 both be relations on schema R. Give anexpression in SQL that is equivalent to each of the following queries.a. r1 r2b. r1 r2c. r1 r2d. AB(r1) _ BC(r2)Answer:a. r1 r2(select *from r1)union(select *from r2
C. Washington - CS - 4613
3.13 Show that, in SQL, &lt;&gt; all is identical to not in.Answer: Let the set S denote the result of an SQL subquery.We compare (x &lt;&gt;all S) with (x not in S). If a particular value x1 satisfies (x1 &lt;&gt; all S) then forall elements y of S x1 _= y. Thus x1 is
C. Washington - CS - 4613
3.14 Consider the relational database of Figure 3.12. Using SQL, define a view consistingof manager name and the average salary of all employees who work forthat manager. Explain why the database system should not allow updates to beexpressed in terms
C. Washington - CS - 4613
3.15 Write an SQL query, without using a with clause, to find all branches wherethe total account deposit is less than the average total account deposit at allbranches,16 Chapter 3 SQLa. Using a nested query in the from clauser.b. Using a nested quer
C. Washington - CS - 4613
3.18 Give an SQL schema definition for the employee database of Figure 3.12. Choosean appropriate domain for each attribute and an appropriate primary key foreach relation schema.Answer:create domain company names char(20)create domain city names cha
C. Washington - CS - 4613
4.7 Referential-integrity constraints as defined in this chapter involve exactly tworelations. Consider a database that includes the following relations:salaried-worker (name, office, phone, salary)hourly-worker (name, hourly-wage)address (name, stree
C. Washington - CS - 4613
4.10 Consider an employee database with two relationsemployee (employee-name, street, city)works (employee-name, company-name, salary)where the primary keys are underlined.Write a query to find companies whoseemployees earn a higher salary, on average
C. Washington - CS - 4613
4.12 Compare the use of embedded SQL with the use in SQL of functions defined ina general-purpose programming language. Under what circumstances wouldyou use each of these features?Answer: SQL functions are primarily a mechanism for extending the power
C. Washington - CS - 4613
5.6 Consider the employee database of Figure 5.14. Give expressions in tuple relationalcalculus and domain relational calculus for each of the following queries:a. Find the names of all employees who work for First Bank Corporation.b. Find the names an
C. Washington - CS - 4613
5.7 Let R = (A, B) and S = (A, C), and let r(R) and s(S) be relations. Writerelational-algebra expressions equivalent to the following domain-relationalcalculusexpressions:a. cfw_&lt; a &gt; | b (&lt; a,b &gt; r b = 17)b. cfw_&lt; a, b, c &gt; | &lt; a,b &gt; r &lt; a,c &gt; sc.
C. Washington - CS - 4613
5.9 Let R = (A, B) and S = (A, C), and let r(R) and s(S) be relations. Usingthe special constant null, write tuple-relational-calculus expressions equivalentto each of the following:a. r _ sb. r _ sc. r _ sAnswer:a. cfw_t | r R s S (r[A] = s[A] t[A