MGFC10mt_Winter2013_Assg1_Sum2013.docx - MGTC09H3(Intermediate Finance L01 L03 Midterm Examination Location IC130 Date Time 5:05-6:55 pm Number of Pages

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MGTC09H3 (Intermediate Finance) L01& L03 Midterm Examination Date: February 11, 2013 Location: IC130 Time: 5:05-6:55 pm Number of Pages including the title page: 10 Items Allowed: Calculator and one 8.5”*11” single sided crib sheet. Only handwritten (no photocopies) crib sheet is allowed. Please answer all the questions with pen or at least write the final answer with pen. One cannot request re-grading for the parts written in pencil. You can write on both sides of a page to answer the questions. Always leave 4 decimals in the (\$) numbers in your calculations (e.g. PMT = \$10.8924) and, particularly, 6 decimals for interest rates (e.g. r = 0.078643 or 7.8643%). Assignment 1 Due Date: June 6, 2013 Professor: Syed Ahmed Before 11 am in IC366 STUDENT’S NAME:________________________________________________ Last First Middle STUDENT’S I.D. NO.:_______________________________________________ QUESTION NO. MAX. MARKS MARKS OBTAINED 1 25 __________________ 2 20 __________________ 3 25 __________________ 4 15 __________________ 5 15 __________________ TOTAL MARKS 100 __________________ GOOD LUCK Management, 1265 Military Trail, Toronto, ON, M1C 1A4, Canada
-2- QUESTION 1: TimeShares Limited (TSL) has 2 million shares outstanding. Its stock is currently trading at \$50 per share. It is expected that TSL will pay a dividend of \$6 per share one year from today. After that dividends will decline at 2% per year forever.

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• SyedAhmed
• Weighted average cost of capital, TSL, GoldDiggers Limited

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